Emerson Electric Co. designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. It serves the oil and gas, refining, chemicals, power generation, life sciences, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies markets. The Commercial & Residential Solutions segment offers residential and commercial heating and air conditioning products, such as residential and variable speed scroll compressors; system protector and flow control devices; standard, programmable, and Wi-Fi thermostats; monitoring equipment and electronic controls for gas and electric heating systems; gas valves for furnaces and water heaters; ignition systems for furnaces; sensors and thermistors for home appliances; and temperature sensors and controls. It also provides reciprocating, scroll, and screw compressors; precision flow controls; system diagnostics and controls; and environmental control systems for use in medical, food processing, and cold storage applications. In addition, this segment offers air conditioning, refrigeration, and lighting control technologies, as well as facility design and product management, site commissioning, facility monitoring, and energy modeling services; temperature management and monitoring products for the foodservice markets; and professional and homeowner tools, and appliance solutions. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.
IPO Year:
Exchange: NYSE
Website: emerson.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $132.00 | Buy | Citigroup |
| 3/10/2025 | $135.00 → $110.00 | Equal Weight → Underweight | Barclays |
| 1/28/2025 | $147.00 | Outperform | Daiwa Securities |
| 12/12/2024 | $160.00 | Buy | Jefferies |
| 11/13/2024 | $120.00 → $135.00 | Neutral | UBS |
| 11/13/2024 | $155.00 | Outperform | Exane BNP Paribas |
| 10/16/2024 | $135.00 → $120.00 | Overweight → Equal-Weight | Stephens |
| 9/6/2024 | $105.00 | Underweight | Morgan Stanley |
| 8/14/2024 | $132.00 → $115.00 | Overweight → Neutral | JP Morgan |
| 7/8/2024 | $135.00 | Buy | Redburn Atlantic |
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Citigroup resumed coverage of Emerson with a rating of Buy and set a new price target of $132.00
Barclays downgraded Emerson from Equal Weight to Underweight and set a new price target of $110.00 from $135.00 previously
Daiwa Securities initiated coverage of Emerson with a rating of Outperform and set a new price target of $147.00
Jefferies initiated coverage of Emerson with a rating of Buy and set a new price target of $160.00
UBS resumed coverage of Emerson with a rating of Neutral and set a new price target of $135.00 from $120.00 previously
Exane BNP Paribas initiated coverage of Emerson with a rating of Outperform and set a new price target of $155.00
Stephens downgraded Emerson from Overweight to Equal-Weight and set a new price target of $120.00 from $135.00 previously
Morgan Stanley initiated coverage of Emerson with a rating of Underweight and set a new price target of $105.00
JP Morgan downgraded Emerson from Overweight to Neutral and set a new price target of $115.00 from $132.00 previously
Redburn Atlantic initiated coverage of Emerson with a rating of Buy and set a new price target of $135.00
ST. LOUIS, March 12, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) today announced that it has completed its acquisition of all outstanding shares of common stock of Aspen Technology, Inc. ("AspenTech") not already owned by Emerson. "The completion of our acquisition of AspenTech marks a key milestone in the final phase of Emerson's portfolio transformation," said Emerson President and Chief Executive Officer Lal Karsanbhai. "I want to thank Antonio for his leadership of AspenTech and partnership with Emerson over the years. We look forward to welcoming the talented AspenTech team t
Tender Offer to Now Expire at 5:00 p.m. Eastern Time on March 11, 2025 ST. LOUIS, March 10, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) today announced that it has extended the expiration of its tender offer to acquire all outstanding shares of common stock of Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech") not already owned by Emerson to 5:00 p.m. Eastern Time on March 11, 2025. This one business day extension is to accommodate the settlement and tendering of shares of AspenTech common stock that may be sold due to the S&P MidCap 400 index change. S&P Global previously announced that AspenTech will be replaced in the index effective prior to the opening of trading on March 11, 2025.
NEW YORK, March 4, 2025 /PRNewswire/ -- Albertsons Companies Inc. (NYSE:ACI) will replace Aspen Technology Inc. (NASD: AZPN) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, March 11. S&P 500 constituent Emerson Electric Co. (NYSE:EMR) is acquiring Aspen Technology in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 11, 2025 S&P MidCap 400 Addition Albertsons Companies ACI Consumer Staples March 11, 2025 S&P MidCap 400 Del
Collaboration builds on company's investment in Zitara's cutting-edge software through Emerson Ventures ST. LOUIS, Feb. 20, 2025 /PRNewswire/ -- Emerson (NYSE:EMR), an industrial technology leader delivering advanced automation solutions, and Zitara Technologies, a leader in advanced battery management software, announced today they have formed a strategic partnership. This collaboration will integrate Zitara's cutting-edge software into Emerson's industry-leading Ovation™ automation platform, enhancing its capabilities and offering customers improved battery performance and monitoring solutions.
WEST PALM BEACH, Fla., Feb. 19, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ:AZPN) (the "Company" or "AspenTech"), today issued the following statement regarding the tender offer (the "Tender Offer") by Emerson Electric Co. (NYSE:EMR) ("Emerson") for all AspenTech shares it does not currently own: "Emerson's proposal to acquire AspenTech is clearly the result of a conflicted and deeply flawed process, bearing all the hallmarks of an opportuni
Compelling and certain value of $265 per share in cash, unanimously recommended by the independent AspenTech Special Committee, represents Emerson's best and final price ST. LOUIS, Feb. 10, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) today acknowledged the public statement released by Elliott Investment Management L.P. on February 7, 2025 regarding the tender offer under which Emerson will acquire all outstanding shares of common stock of Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson for $265 per share as per the definitive agreement with AspenTech announced on January 27, 2025.
WEST PALM BEACH, Fla., Feb. 7, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ:AZPN) (the "Company" or "AspenTech"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE:EMR) ("Emerson"): "As the largest minority investor in AspenTech, we disagree with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTe
ST. LOUIS, Feb. 5, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its first quarter ended December 31, 2024 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 per share of common stock payable March 10, 2025 to stockholders of record on February 14, 2025. (dollars in millions, except per share) 2024 Q1 2025 Q1 Change Underlying Orders2 1 % Net Sales $4,117 $4,175 1 % Underlying Sales3 2 % Pretax Earnings $175 $775 Margin 4.2 % 18.6 % 1440 bps Adjusted Segment EBITA4 $1,014 $1,169 Margin 24.6 % 28.
ST. LOUIS and BEDFORD, Mass., Jan. 27, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) and Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech") today announced that they have reached an agreement under which Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265.00 per share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 billion, and values the total company at a fully diluted market capitalization of $17.0 billion with an enterprise value of $16.8 billion. Emerson currently owns approximately 57% of AspenTech's outstanding shares of common stock following Emerson's 55% majority investment c
ST. LOUIS, Jan. 15, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) will report its first quarter results prior to market open on Wednesday, Feb. 5, 2025. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 8:30 a.m. Eastern Time, 7:30 a.m. Central Time. All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of th
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ST. LOUIS, March 12, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) today announced that it has completed its acquisition of all outstanding shares of common stock of Aspen Technology, Inc. ("AspenTech") not already owned by Emerson. "The completion of our acquisition of AspenTech marks a key milestone in the final phase of Emerson's portfolio transformation," said Emerson President and Chief Executive Officer Lal Karsanbhai. "I want to thank Antonio for his leadership of AspenTech and partnership with Emerson over the years. We look forward to welcoming the talented AspenTech team t
ST. LOUIS, Feb. 5, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its first quarter ended December 31, 2024 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 per share of common stock payable March 10, 2025 to stockholders of record on February 14, 2025. (dollars in millions, except per share) 2024 Q1 2025 Q1 Change Underlying Orders2 1 % Net Sales $4,117 $4,175 1 % Underlying Sales3 2 % Pretax Earnings $175 $775 Margin 4.2 % 18.6 % 1440 bps Adjusted Segment EBITA4 $1,014 $1,169 Margin 24.6 % 28.
ST. LOUIS, Jan. 15, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) will report its first quarter results prior to market open on Wednesday, Feb. 5, 2025. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 8:30 a.m. Eastern Time, 7:30 a.m. Central Time. All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of th
Proposes to Acquire Remaining Outstanding Shares of AspenTech for $240 per Share in Cash Commences Review of Strategic Alternatives for Safety & Productivity Segment Announces Increased Return of Capital to Shareholders with Plans to Repurchase Approximately $2.0 Billion of Shares in Fiscal 2025; Expecting $1.0 Billion in Fiscal Q1 ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- 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 p
ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE:EMR) today reported results1 for its fourth quarter and fiscal year ended September 30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024. (dollars in millions, except per share) 2023 Q4 2024 Q4 Change 2023 2024 Change Underlying Orders2 2 % 2 % Net Sales $4,090 $4,619 13 % $15,165 $17,492 15 % Underlying Sales3 4 % 6 % Pretax Earnings $1,020 $679 $2,903 $2,020 Margin 24.9 % 14.7 % (1020) bps 19.1 % 11.5 %
ST. LOUIS, Oct. 15, 2024 /PRNewswire/ -- Emerson (NYSE:EMR) will report its fourth quarter and full year results prior to market open on Tuesday, November 5, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 8 a.m. Eastern Time, 7 a.m. Central Time. All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A r
ST. LOUIS, Aug. 7, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its third quarter ended June 30, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared a quarterly cash dividend of $0.525 per share of common stock payable September 10, 2024 to stockholders of record on August 16, 2024. (dollars in millions, except per share) 2023 Q3 2024 Q3 Change Underlying Orders2 3 % Net Sales $3,946 $4,380 11 % Underlying Sales3 3 % Pretax Earnings $822 $455 Margin 20.8 % 10.4 % (1040) bps Adjusted Segment EBITA4 $1,060 $1,189 Margin 26.9 % 27
ST. LOUIS, July 17, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) will report its third quarter results prior to market open on Wednesday, August 7, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time. All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of the c
ST. LOUIS, May 8, 2024 /PRNewswire/ -- Emerson (NYSE:EMR) today reported results1 for its second quarter ended March 31, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared a quarterly cash dividend of $0.525 per share of common stock payable June 10, 2024 to stockholders of record on May 17, 2024. (dollars in millions, except per share) 2023 Q2 2024 Q2 Change Underlying Orders2 (1) % Net Sales $3,756 $4,376 17 % Underlying Sales3 8 % Pretax Earnings $639 $652 Margin 17.0 % 14.9 % (210) bps Adjusted Segment EBITA4 $924 $1,139 Margin 24.6 % 26.0 % 140
ST. LOUIS, April 17, 2024 /PRNewswire/ -- Emerson (NYSE:EMR) will report its second quarter results prior to market open on Wednesday, May 8, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time. All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of the con
NEW YORK, March 4, 2025 /PRNewswire/ -- Albertsons Companies Inc. (NYSE:ACI) will replace Aspen Technology Inc. (NASD: AZPN) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, March 11. S&P 500 constituent Emerson Electric Co. (NYSE:EMR) is acquiring Aspen Technology in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 11, 2025 S&P MidCap 400 Addition Albertsons Companies ACI Consumer Staples March 11, 2025 S&P MidCap 400 Del
LATHAM, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc., (NASDAQ:SWIM), the largest designer, manufacturer, and marketer of in-ground residential pools in North America, Australia, and New Zealand, today announced the appointment of seasoned financial executive Frank J. Dellaquila as a new independent member of its Board of Directors and Chair of the Company's Audit Committee, effective immediately. Mr. Dellaquila is replacing Robert D. Evans who resigned from the Board. Mr. Dellaquila served as Chief Financial Officer of Emerson Electric Co. (NYSE:EMR) from 2009 until his retirement in 2023 and was named Executive Vice President in 2012 and Senior Executive Vice President in 2
Company brings deep legacy of driving industry standards to Margo initiative enabling more flexible, scalable automation for customers ST. LOUIS, Sept. 16, 2024 /PRNewswire/ -- Global automation and technology leader Emerson (NYSE: EMR) is joining the Linux Foundation's Margo, a new open-standard initiative designed to make edge applications, devices and orchestration software work together seamlessly across multi-vendor industrial automation environments. As process and discrete manufacturers implement enhanced digitalization, they encounter challenges at the edge due to mult
ST. LOUIS, May 8, 2024 /PRNewswire/ -- Emerson (NYSE:EMR) today announced the election of Calvin Butler, President and Chief Executive Officer of Exelon, to its Board of Directors, effective August 1, 2024. He will serve on the Corporate Governance and Nominating Committee. Effective August 1, 2024, the Emerson Board will expand to 12 members. Butler is a seasoned public company executive with significant operational and leadership experience in the energy industry. He has led Exelon, the nation's largest utility company, as President and CEO since 2022 and served in a varie
Tang to succeed Sara Yang Bosco, who will retire after 18-year Emerson career ST. LOUIS, Nov. 30, 2023 /PRNewswire/ -- Emerson (NYSE:EMR), a leader in automation software and technology, today announced the appointment of Michael Tang as senior vice president, secretary and chief legal officer, effective Jan. 1, 2024. Tang succeeds Sara Yang Bosco, who will retire from Emerson on Dec. 31 after 18 years with the company. As chief legal officer, Tang will be responsible for all legal matters and global security pertaining to Emerson, including corporate governance, M&A, compliance, dispute resolution, and corporate and commercial operational matters.
NEW YORK, Oct. 9, 2023 /PRNewswire/ -- Hyatt Hotels Corp. (NYSE:H) will replace National Instruments Corp. (NASD:NATI) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, October 12. S&P 500 constituent Emerson Electric Co. (NYSE:EMR) is acquiring National Instruments in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector October 12, 2023 S&P MidCap 400 Addition Hyatt Hotels H Consumer Discretionary S&P MidCap 400 Deletion National Instruments NATI Information Technology F
Jim Cramer and Bernardo Calleja to retire in early 2024 FARMINGTON, Conn., Sept. 28, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Tracy Embree as President, Otis Americas and Enrique Miñarro Viseras as President, Otis Europe, Middle East and Africa (EMEA), reporting directly to Otis Chair, CEO & President, Judy Marks. Effective Oct. 1, Embree will succeed Jim Cramer and Miñarro Viseras will succeed Bernardo Calleja. Otis is the world's leading company for elevator and escalator manufacturing, installation and service. Embree joins O
Company HR leader to continue driving global culture transformation ST. LOUIS, Aug. 7, 2023 /PRNewswire/ -- Emerson (NYSE:EMR) today announced the appointment of Nick Piazza as its next chief people officer. In this role, he will lead the company's human resources function, employee experience, talent management, total rewards, and diversity, equity and inclusion as Emerson continues driving cultural transformation to become a destination workplace for technology and industrial automation. As senior vice president and chief people officer, Piazza will be a member of Emerson'
Frank Dellaquila to retire after 32-year tenure at Emerson Baughman brings more than 35 years of financial and operational experience to CFO role ST. LOUIS, May 3, 2023 /PRNewswire/ -- Emerson (NYSE:EMR) today announced that Mike Baughman, vice president, controller and chief accounting officer, has been promoted to executive vice president and chief financial officer, effective May 10. He succeeds Frank Dellaquila, who will be retiring after 32 years with the company. To ensure a seamless transition, Dellaquila will serve as senior advisor to the CEO through Emerson's fiscal year end. Baughman will continue to serve as chief accounting officer for the company.
Appointments underscore Board's commitment to ongoing refreshment ST. LOUIS, May 2, 2023 /PRNewswire/ -- Emerson (NYSE:EMR) today announced the appointments of Leticia Gonçalves and Jim McKelvey to its Board of Directors, effective May 2, 2023. Upon the addition of Gonçalves and McKelvey, the Emerson Board will expand to 13 members. "We are pleased to welcome Leticia and Jim to the Emerson Board," said James Turley, chair of the Emerson Board of Directors. "Leticia's experience leading global teams, driving technology development and accelerating change make her an excellent a