Emerson (EMR) PT Raised to $140 at Deutsche Bank

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.88%

November 5, 2024 3:49 PM EST

Investing.com U.S. stocks were higher after the close on Tuesday, as gains in the Consumer Goods, Technology and Industrials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.88%, while the S&P 500 index added 1.12%, and the NASDAQ Composite index gained 1.40%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ: INTC), which rose 3.66% or 0.83 points to trade at 23.35 at the close. Meanwhile, Goldman Sachs Group... More

JPMorgan Reiterates Neutral Rating on Emerson (EMR)

November 5, 2024 8:23 AM EST

JPMorgan analyst C. Stephen Tusa Jr. reiterated a Neutral rating and $135.00 price target on Emerson (NYSE: EMR).

The analyst comments "A better than expected result, with upside sales on the hardware businesses dropping through with a beat on margins, and strong FCF. Looking ahead, orders came within the guided range at 2%, and backlog continues to normalize down to $7.16 B V $7.4 B in... More

Citi Reiterates Buy Rating on Emerson (EMR)

November 5, 2024 8:22 AM EST

Citi analyst Andrew Kaplowitz reiterated a Buy rating and $128.00 price target on Emerson (NYSE: EMR).

The analyst comments "EMR reported what we view as solid F4Q24 results and a constructive initial FY25 outlook reflecting a still positive growth outlook and an expectation of continued... More

Morgan Stanley Reiterates Underweight Rating on Emerson (EMR)

November 5, 2024 8:20 AM EST

Morgan Stanley analyst Chris Snyder reiterated an Underweight rating and $105.00 price target on Emerson (NYSE: EMR)

The analyst comments "Reaction: While shares are pointing up materially in the pre-market, we would expect just a muted reaction for EMS shares despite the high... More

KeyBanc Reiterates Overweight Rating on Emerson (EMR)

November 5, 2024 8:00 AM EST

KeyBanc analyst Ken Newman reiterated an Overweight rating and $125.00 price target on Emerson (NYSE: EMR)

The analyst comments "This morning Emerson Electric Co. (EMR- NYSE) reported net sales of $4,619 million (+13% y/y on pro-forma basis) vs. consensus of $4,566 million and our model of... More

Emerson Electric jumps on Q3 beat, proposal to buy rest of AspenTech shares

November 5, 2024 7:24 AM EST

(Updated - November 5, 2024 8:28 AM EST)

Investing.com -- Emerson (NYSE: EMR) Electric shares jumped more than 5% in premarket trading Tuesday after the engineering services provider reported better-than-expected Q4 results and issued upbeat guidance for the fiscal 2025.

For Q4 2024, the company posted earnings per share (EPS) of $1.48, narrowly beating the analyst estimate of $1.47. Quarterly revenue reached... More

Emerson Electric (EMR) Tops Q4 EPS by 1c ; Offers Guidance

November 5, 2024 6:32 AM EST

Emerson Electric (NYSE: EMR) reported Q4 EPS of $1.48, $0.01 better than the analyst estimate of $1.47. Revenue for the quarter came in at $4.62 billion versus the consensus estimate of $4.57 billion.

GUIDANCE:

Emerson Electric sees Q1 2025 EPS of $1.25-$1.30, versus the consensus of... More

Emerson (EMR) proposed to acquire Aspen Technology (AZPN) for $240/sh cash

November 5, 2024 6:32 AM EST

Emerson (NYSE: EMR) has made a proposal to acquire all outstanding shares of common stock of AspenTech (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson for $240 per share in cash. The proposed transaction follows Emerson's 55% majority investment in AspenTech, which was... More

Emerson Electric (EMR) Announces Key Actions to Complete the Portfolio Transformation

November 5, 2024 6:31 AM EST

Emerson (NYSE: EMR) today announced three key strategic and financial actions in the final phase of its portfolio transformation to an industrial technology leader focused on automation:

Emerson has made a proposal to acquire all outstanding shares of common stock of AspenTech (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson for $240 per share in cash. The proposed transaction follows Emerson's 55% majority investment in AspenTech, which was completed in 2022.... More

Emerson Electric (EMR) November 11 weekly option IV elevated into quarter results

November 4, 2024 11:11 AM EST

Emerson Electric (NYSE: EMR) November 11 weekly call option implied volatility is at 74, November is at 51; compared to its 52-week range of 13 to 42 into the expected release of quarter results before the bell on November 5.

... More