Wells Fargo starts Emerson Electric stock coverage at Overweight

Published on 10/06/2026 at 17:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 4.87 billion, up 7.00 percent year over year. Emerson Electric stock has USD 91.6 billion in market value.

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According to MarketBeat on September 25, 2026, Wells Fargo began coverage of Emerson Electric stock with an Overweight rating and a USD 177.00 price target. The rating gives the stock a fresh analyst reference as Emerson enters the final quarter of fiscal 2026.

Third-quarter sales reached USD 4.87 billion

Emerson reported third-quarter fiscal 2026 revenue of USD 4.87 billion, according to Ticker Scout. The figure was up 7.00 percent from the prior-year quarter, while underlying sales increased 6.00 percent.

Adjusted earnings per share reached USD 1.71, compared with USD 1.68 consensus, and GAAP earnings per share were USD 1.28. Operating cash flow totaled USD 1.425 billion for the quarter, giving the results a stronger cash conversion profile than the earnings figure alone suggests.

Guidance reflects a mixed operating picture

Ticker Scout reports that Emerson raised fiscal 2026 adjusted earnings per share guidance to USD 6.55 and expects net sales growth of 5.00 percent. Underlying orders rose 7.00 percent in the third quarter, led by Software and Systems.

The operating picture is not uniform. The company said the Middle East conflict affected fiscal 2026 underlying sales growth by 1.00 percentage point, while the latest report identified software, power and life sciences demand as important growth areas. That combination leaves the USD 177.00 Wells Fargo target dependent on continued order strength and margin execution.

Emerson Electric stock stays near its yearly high

Emerson Electric had a market capitalization of USD 91.6 billion on October 6, 2026, based on the current primary-market quote. The 52-week range was USD 122.64 to USD 166.35 on October 5, 2026, placing the latest primary-market context near the upper end of that range.

Emerson Electric is listed on the New York Stock Exchange under ticker EMR. The company provides industrial automation systems, software, measurement instruments, control valves and related services for energy, chemical, life-sciences and other industrial customers.