Emerson Electric (NYSE:EMR) Given New $200.00 Price Target at KeyCorp

Emerson Electric (NYSE:EMR) had its price target increased by KeyCorp from $170.00 to $200.00 in a research note released on Thursday morning,Benzinga reports. KeyCorp currently has an overweight rating on the industrial products company’s stock.

EMR has been the topic of a number of other research reports. Rothschild & Co Redburn boosted their price objective on Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Sanford C. Bernstein lifted their price target on Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. BMO Capital Markets upgraded Emerson Electric from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings raised Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Price Performance

Shares of EMR stock opened at $162.50 on Thursday. The business has a fifty day simple moving average of $157.82 and a 200 day simple moving average of $147.53. The company has a market cap of $91.02 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Emerson Electric has a twelve month low of $122.64 and a twelve month high of $172.00.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Emerson Electric will post 7.20 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a $0.5950 dividend. The ex-dividend date is Friday, November 13th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Emerson Electric during the second quarter worth about $6,193,425,000. Bank of America Corp DE bought a new position in shares of Emerson Electric during the second quarter valued at approximately $2,629,146,000. Bank of New York Mellon Corp purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $659,000,000. Legal & General Group Plc purchased a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $613,846,000. Finally, Jupiter Topco LLC bought a new position in Emerson Electric during the 2nd quarter valued at approximately $260,485,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric News Summary

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Several firms raised their price targets and kept positive ratings: Citigroup lifted its target to $198, BNP Paribas Exane to $200, and RBC and Bernstein to $196. These revisions suggest analysts see further upside. Citigroup rating
• Positive Sentiment: Fiscal Q4 adjusted EPS of $1.86 and revenue of $5.20 billion topped analyst estimates. Orders rose 14%, supported by software and systems strength, while the company’s initial FY2027 outlook calls for sales growth. Q4 earnings and outlook
• Positive Sentiment: Emerson raised its quarterly dividend by 7.2% to $0.595 per share, extending its long record of annual increases and adding to shareholder returns. Company results and dividend announcement
• Negative Sentiment: The positive results may be tempered by a cautious FY2027 outlook, which appears to have disappointed investors’ expectations. The stock’s rich valuation may also leave less room for execution or guidance shortfalls. Report on outlook

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.