Monday, 2 October 2023

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Wells Fargo Sticks to Their Buy Rating for Emerson Electric Company (EMR) – TipRanks Financial Blog

Wells Fargo Sticks to Their Buy Rating for Emerson Electric Company (EMR) – TipRanks Financial Blog

Wells Fargo analyst Joe O’Dea maintained a Buy rating on Emerson Electric Company (EMRResearch Report) yesterday and set a price target of $110.00. The company’s shares closed last Friday at $98.86.

O’Dea covers the Industrials sector, focusing on stocks such as 3M, General Electric, and Hubbell B. According to TipRanks, O’Dea has an average return of -0.2% and a 38.69% success rate on recommended stocks.

Currently, the analyst consensus on Emerson Electric Company is a Strong Buy with an average price target of $110.00, an 11.27% upside from current levels. In a report released on September 15, Vertical Research also upgraded the stock to a Buy with a $120.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

EMR market cap is currently $56.5B and has a P/E ratio of -344.94.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EMR in relation to earlier this year. Earlier this month, Ramnath Vidya, the Senior VP & CMO of EMR sold 2,500.00 shares for a total of $244,625.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Emerson Electric Co. engages in the designing and manufacturing of engineering and technology products for industrial, commercial, and consumer markets worldwide. It offers measurement and analytical instrumentation, industrial solutions, actuators and regulators, valves, and process control systems and solutions. The company also provides products and services used in industrial and commercial refrigeration, commercial air conditioning, residential cooling and heating, and cold chain management.

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