Emerson Electric (EMR)
Market Price (9/27/2026): $158.69 | Market Cap: $88.7 BilInvestor Relations Sector: Industrials | Industry: Electrical Components & Equipment
Emerson Electric (EMR)
Market Price (9/27/2026): $158.69Market Cap: $88.7 BilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%, CFO LTM is 3.9 Bil, FCF LTM is 3.5 Bil Stock buyback supportStock Buyback 3Y Total is 2.8 Bil Low stock price volatilityVol 12M is 32% Megatrend and thematic driversMegatrends include Automation & Robotics, Smart Grids & Grid Modernization, Water Infrastructure, and Electrification of Everything. Show more. | Trading close to highsDist 52W High is -3.4%, Dist 3Y High is -3.4% Weak multi-year price returns3Y Excs Rtn is -5.7% | Key risksEMR key risks include [1] integration challenges and [2] increased debt stemming from its recent major acquisitions of National Instruments and Aspen Technology. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%, CFO LTM is 3.9 Bil, FCF LTM is 3.5 Bil |
| Stock buyback supportStock Buyback 3Y Total is 2.8 Bil |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Smart Grids & Grid Modernization, Water Infrastructure, and Electrification of Everything. Show more. |
| Trading close to highsDist 52W High is -3.4%, Dist 3Y High is -3.4% |
| Weak multi-year price returns3Y Excs Rtn is -5.7% |
| Key risksEMR key risks include [1] integration challenges and [2] increased debt stemming from its recent major acquisitions of National Instruments and Aspen Technology. |
Qualitative Assessment
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Updated on 9/24/2026
Emerson Electric (EMR) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance and Upbeat Outlook.
Emerson Electric reported robust financial results for fiscal Q3 2026, which ended June 30, 2026, and was announced on August 4, 2026. The company posted adjusted earnings per share (EPS) of $1.71, surpassing the consensus estimate of $1.68. Quarterly revenue also exceeded expectations, reaching $4.87 billion against an anticipated $4.80 billion. This strong performance included a 13% year-over-year increase in adjusted EPS and a 6% rise in underlying sales, with orders growing 7%. Management subsequently raised its full-year fiscal 2026 adjusted EPS guidance to $6.55, signaling confidence in sustained operational execution and future growth.
2. Robust Demand in Key End Markets.
The company experienced significant demand in critical sectors, notably semiconductor and power, which collectively drove a 27% increase in growth verticals during fiscal Q3 2026. Semiconductor sales surged by 53%, and power sales increased by 37%. Emerson also saw its project funnel expand by 8% year-over-year to $12.4 billion. Regionally, the Americas reported an 8% increase in sales, with the U.S. contributing a 10% rise, indicating broad-based growth in key geographic markets.
Show more
Emerson Electric (EMR) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance and Upbeat Outlook.
Emerson Electric reported robust financial results for fiscal Q3 2026, which ended June 30, 2026, and was announced on August 4, 2026. The company posted adjusted earnings per share (EPS) of $1.71, surpassing the consensus estimate of $1.68. Quarterly revenue also exceeded expectations, reaching $4.87 billion against an anticipated $4.80 billion. This strong performance included a 13% year-over-year increase in adjusted EPS and a 6% rise in underlying sales, with orders growing 7%. Management subsequently raised its full-year fiscal 2026 adjusted EPS guidance to $6.55, signaling confidence in sustained operational execution and future growth.
2. Robust Demand in Key End Markets.
The company experienced significant demand in critical sectors, notably semiconductor and power, which collectively drove a 27% increase in growth verticals during fiscal Q3 2026. Semiconductor sales surged by 53%, and power sales increased by 37%. Emerson also saw its project funnel expand by 8% year-over-year to $12.4 billion. Regionally, the Americas reported an 8% increase in sales, with the U.S. contributing a 10% rise, indicating broad-based growth in key geographic markets.
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Updated on 9/24/2026
Emerson Electric (EMR) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance and Upbeat Outlook.
Emerson Electric reported robust financial results for fiscal Q3 2026, which ended June 30, 2026, and was announced on August 4, 2026. The company posted adjusted earnings per share (EPS) of $1.71, surpassing the consensus estimate of $1.68. Quarterly revenue also exceeded expectations, reaching $4.87 billion against an anticipated $4.80 billion. This strong performance included a 13% year-over-year increase in adjusted EPS and a 6% rise in underlying sales, with orders growing 7%. Management subsequently raised its full-year fiscal 2026 adjusted EPS guidance to $6.55, signaling confidence in sustained operational execution and future growth.
2. Robust Demand in Key End Markets.
The company experienced significant demand in critical sectors, notably semiconductor and power, which collectively drove a 27% increase in growth verticals during fiscal Q3 2026. Semiconductor sales surged by 53%, and power sales increased by 37%. Emerson also saw its project funnel expand by 8% year-over-year to $12.4 billion. Regionally, the Americas reported an 8% increase in sales, with the U.S. contributing a 10% rise, indicating broad-based growth in key geographic markets.
3. Positive Industrial Automation Market Trends.
Emerson benefited from a broader resurgence in the industrial automation market, with 2026 anticipated as the first year of renewed growth momentum. The global industrial automation market is projected to reach $233.6 billion in 2026, up from $215.2 billion in 2025, with an estimated Compound Annual Growth Rate (CAGR) of approximately 9.5% through 2035. This market expansion is driven by factors such as global labor shortages, increased onshoring and reshoring activities, a desire for enhanced supply chain stability, and greater accessibility of automation systems. Additionally, demand related to data centers and a short-cycle recovery within the industrial sector contributed to a positive environment.
4. Favorable Analyst Sentiment and Raised Price Targets.
Analysts responded positively to Emerson's performance and market position during the period. Several firms upgraded their ratings and increased price targets for EMR. JPMorgan Chase & Co. upgraded the stock from "neutral" to "overweight" with a $157.00 target price in July. HSBC and Citigroup further boosted their price targets to $180.00 and $182.00, respectively, in August. As of September 2026, the stock maintained a "Moderate Buy" consensus rating among analysts, with an average price target of $167.83, suggesting a potential upside of 8.22% from current levels.
Show less
Emerson Electric (EMR) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance and Upbeat Outlook.
Emerson Electric reported robust financial results for fiscal Q3 2026, which ended June 30, 2026, and was announced on August 4, 2026. The company posted adjusted earnings per share (EPS) of $1.71, surpassing the consensus estimate of $1.68. Quarterly revenue also exceeded expectations, reaching $4.87 billion against an anticipated $4.80 billion. This strong performance included a 13% year-over-year increase in adjusted EPS and a 6% rise in underlying sales, with orders growing 7%. Management subsequently raised its full-year fiscal 2026 adjusted EPS guidance to $6.55, signaling confidence in sustained operational execution and future growth.
2. Robust Demand in Key End Markets.
The company experienced significant demand in critical sectors, notably semiconductor and power, which collectively drove a 27% increase in growth verticals during fiscal Q3 2026. Semiconductor sales surged by 53%, and power sales increased by 37%. Emerson also saw its project funnel expand by 8% year-over-year to $12.4 billion. Regionally, the Americas reported an 8% increase in sales, with the U.S. contributing a 10% rise, indicating broad-based growth in key geographic markets.
3. Positive Industrial Automation Market Trends.
Emerson benefited from a broader resurgence in the industrial automation market, with 2026 anticipated as the first year of renewed growth momentum. The global industrial automation market is projected to reach $233.6 billion in 2026, up from $215.2 billion in 2025, with an estimated Compound Annual Growth Rate (CAGR) of approximately 9.5% through 2035. This market expansion is driven by factors such as global labor shortages, increased onshoring and reshoring activities, a desire for enhanced supply chain stability, and greater accessibility of automation systems. Additionally, demand related to data centers and a short-cycle recovery within the industrial sector contributed to a positive environment.
4. Favorable Analyst Sentiment and Raised Price Targets.
Analysts responded positively to Emerson's performance and market position during the period. Several firms upgraded their ratings and increased price targets for EMR. JPMorgan Chase & Co. upgraded the stock from "neutral" to "overweight" with a $157.00 target price in July. HSBC and Citigroup further boosted their price targets to $180.00 and $182.00, respectively, in August. As of September 2026, the stock maintained a "Moderate Buy" consensus rating among analysts, with an average price target of $167.83, suggesting a potential upside of 8.22% from current levels.
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Stock Movement Drivers
Fundamental Drivers
The 10.4% change in EMR stock from 5/31/2026 to 9/26/2026 was primarily driven by a 4.4% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 143.33 | 158.23 | 10.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,316 | 18,636 | 1.7% |
| Net Income Margin (%) | 13.3% | 13.8% | 3.6% |
| P/E Multiple | 32.9 | 34.3 | 4.4% |
| Shares Outstanding (Mil) | 561 | 559 | 0.4% |
| Cumulative Contribution | 10.4% |
Market Drivers
5/31/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| EMR | 10.4% | |
| Market (SPY) | 2.2% | 56.3% |
| Sector (XLI) | -1.3% | 81.9% |
Fundamental Drivers
The 5.7% change in EMR stock from 2/28/2026 to 9/26/2026 was primarily driven by a 8.8% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 149.64 | 158.23 | 5.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,186 | 18,636 | 2.5% |
| Net Income Margin (%) | 12.7% | 13.8% | 8.8% |
| P/E Multiple | 36.4 | 34.3 | -5.6% |
| Shares Outstanding (Mil) | 562 | 559 | 0.5% |
| Cumulative Contribution | 5.7% |
Market Drivers
2/28/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| EMR | 5.7% | |
| Market (SPY) | 13.0% | 65.1% |
| Sector (XLI) | -3.3% | 84.5% |
Fundamental Drivers
The 21.8% change in EMR stock from 8/31/2025 to 9/26/2026 was primarily driven by a 24.6% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 129.96 | 158.23 | 21.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,779 | 18,636 | 4.8% |
| Net Income Margin (%) | 14.9% | 13.8% | -7.3% |
| P/E Multiple | 27.5 | 34.3 | 24.6% |
| Shares Outstanding (Mil) | 562 | 559 | 0.6% |
| Cumulative Contribution | 21.8% |
Market Drivers
8/31/2025 to 9/26/2026| Return | Correlation | |
|---|---|---|
| EMR | 21.8% | |
| Market (SPY) | 20.9% | 61.8% |
| Sector (XLI) | 13.6% | 78.8% |
Fundamental Drivers
The 69.8% change in EMR stock from 8/31/2023 to 9/26/2026 was primarily driven by a 752.2% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 93.20 | 158.23 | 69.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,967 | 18,636 | 24.5% |
| Net Income Margin (%) | 88.3% | 13.8% | -84.3% |
| P/E Multiple | 4.0 | 34.3 | 752.2% |
| Shares Outstanding (Mil) | 571 | 559 | 2.2% |
| Cumulative Contribution | 69.8% |
Market Drivers
8/31/2023 to 9/26/2026| Return | Correlation | |
|---|---|---|
| EMR | 69.8% | |
| Market (SPY) | 77.8% | 66.4% |
| Sector (XLI) | 64.4% | 77.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EMR Return | 18% | 6% | 4% | 30% | 9% | 19% | 119% |
| Peers Return | 37% | -11% | 26% | 25% | 25% | 19% | 185% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| EMR Win Rate | 75% | 50% | 50% | 50% | 42% | 78% | |
| Peers Win Rate | 68% | 35% | 50% | 57% | 58% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| EMR Max Drawdown | -17% | -25% | -20% | -17% | -28% | -23% | |
| Peers Max Drawdown | -12% | -33% | -22% | -14% | -26% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HON, ETN, ROK, JCI, PH. See EMR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | EMR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.3% | -18.8% |
| % Gain to Breakeven | 32.2% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.7% | -7.8% |
| % Gain to Breakeven | 12.0% | 8.5% |
| Time to Breakeven | 58 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.0% | -24.5% |
| % Gain to Breakeven | 23.4% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.0% | -33.7% |
| % Gain to Breakeven | 88.7% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.8% | -19.2% |
| % Gain to Breakeven | 40.5% | 23.8% |
| Time to Breakeven | 352 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.2% | -12.2% |
| % Gain to Breakeven | 17.9% | 13.9% |
| Time to Breakeven | 32 days | 62 days |
In The Past
Emerson Electric's stock fell -24.3% during the 2025 US Tariff Shock. Such a loss loss requires a 32.2% gain to breakeven.
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Asset Allocation
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| Event | EMR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.3% | -18.8% |
| % Gain to Breakeven | 32.2% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.0% | -33.7% |
| % Gain to Breakeven | 88.7% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.8% | -19.2% |
| % Gain to Breakeven | 40.5% | 23.8% |
| Time to Breakeven | 352 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -31.1% | -6.8% |
| % Gain to Breakeven | 45.0% | 7.3% |
| Time to Breakeven | 365 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -25.6% | -17.9% |
| % Gain to Breakeven | 34.4% | 21.8% |
| Time to Breakeven | 442 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -55.1% | -53.4% |
| % Gain to Breakeven | 122.9% | 114.4% |
| Time to Breakeven | 420 days | 1085 days |
In The Past
Emerson Electric's stock fell -24.3% during the 2025 US Tariff Shock. Such a loss loss requires a 32.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Emerson Electric (EMR)
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Emerson Electric Co. (EMR) is a global technology and engineering company that provides a wide range of products and solutions across industrial, commercial, and consumer markets. The company operates through two primary segments: Automation Solutions and Commercial & Residential Solutions, catering to diverse customer needs worldwide.
The Automation Solutions segment focuses on enabling efficiency and safety in complex industrial processes. It offers critical components such as measurement and analytical instrumentation, industrial valves and equipment, and advanced process control software and systems. This segment primarily serves heavy industries including oil and gas, chemicals, power generation, life sciences, food and beverage, automotive, and municipal water supplies, helping these sectors manage and optimize their operations.
The Commercial & Residential Solutions segment provides essential technologies for heating, ventilation, air conditioning (HVAC), and refrigeration. Its product portfolio includes a variety of compressors, thermostats, system controls, and sensors used in residential and commercial HVAC systems, as well as specialized refrigeration for applications like medical equipment and food processing. Additionally, this segment offers professional and homeowner tools and various appliance solutions, along with services such as facility design, monitoring, and energy modeling.
```AI Analysis | Feedback
Emerson Electric is like Honeywell for industrial automation and climate control.
Imagine a combination of Rockwell Automation for factory controls and Johnson Controls for building solutions.
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- Industrial Automation Products: Emerson provides measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems for diverse industrial markets.
- HVACR Products: The company offers residential and commercial heating, ventilation, air conditioning, and refrigeration products, including compressors, thermostats, and system controls.
- Professional and Homeowner Tools: Emerson manufactures a variety of hand and power tools for both professional tradespeople and general consumer use.
- Appliance Solutions: The company develops components and integrated solutions for various home appliances.
- Facility Management Services: Emerson offers services such as facility design, product management, site commissioning, facility monitoring, and energy modeling.
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Emerson Electric Co. (EMR) primarily sells its technology and engineering products and services to other companies (B2B) across a wide range of industrial, commercial, and residential markets.
Due to the highly diversified nature of Emerson's business and its extensive customer base, specific names of major individual customer companies are not typically disclosed publicly. However, Emerson's major customers are the companies operating in the following industries and sectors:
- Industrial Process Industries: Companies in sectors such as oil and gas, refining, chemicals, power generation, life sciences, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies. These customers utilize Emerson's measurement and analytical instrumentation, industrial valves, process control software, and systems.
- Heating, Ventilation, and Air Conditioning (HVAC) & Refrigeration Manufacturers: Original Equipment Manufacturers (OEMs) that produce residential and commercial heating and air conditioning units, as well as refrigeration systems. These companies integrate Emerson's compressors, thermostats, system protector and flow control devices, and other electronic controls.
- Appliance Manufacturers: Companies that produce home appliances, utilizing Emerson's sensors, thermistors, and other control components.
- Specialized Industrial Applications: Businesses in medical equipment manufacturing, food processing, and cold storage applications, which rely on Emerson's specialized compressors, precision flow controls, and environmental control systems.
- Commercial Facilities and Service Providers: Businesses requiring facility design, product management, site commissioning, monitoring, and energy modeling services, as well as those that purchase professional tools.
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Lal Karsanbhai, President and Chief Executive Officer
Lal Karsanbhai became President and Chief Executive Officer of Emerson in February 2021. He joined Emerson in 1995 as an international planner and has held various business development and planning positions. Before his CEO appointment, he led Emerson's Automation Solutions business, focusing on strategies, technologies, and innovations to enhance industrial operations.
Mike Baughman, Executive Vice President and Chief Financial Officer
Mike Baughman was appointed Executive Vice President and Chief Financial Officer in May 2023. He joined Emerson in 2017 as vice president and controller. With over 35 years of finance experience, Baughman previously spent 14 years at Baxter International, where he held various corporate finance and accounting roles, during which Baxter International was active in mergers and acquisitions and underwent a split into two companies. He also spent 16 years at PricewaterhouseCoopers, becoming a partner and specializing in transactions and auditing, and assisted corporate and private equity clients with buy-side and sell-side diligence and acquisition integration.
Ram Krishnan, Executive Vice President and Chief Operating Officer
Ram Krishnan became Executive Vice President and Chief Operating Officer of Emerson in February 2021. He joined Emerson in 1994 as a project engineer and has held numerous management positions, including president of Climate Technologies in Asia and group president of flow solutions. He was also group president of final control following the $3.15 billion acquisition of Pentair's valves and controls business.
Michael Train, Senior Vice President and Chief Sustainability Officer
Michael Train was named Emerson's first Chief Sustainability Officer in March 2021. He began his career at Emerson in 1991 as an international planner. Throughout his tenure, he has held various leadership roles, including president of Emerson Process Management Asia-Pacific and executive president of Emerson's Automation Solutions business.
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The key risks to Emerson Electric's business are multifaceted, stemming from the highly competitive and evolving industrial automation landscape, the complexities of integrating significant acquisitions, and exposure to global economic and geopolitical uncertainties.
- Intense Competitive Pressures and Rapid Technological Advancements: Emerson operates in a highly competitive industrial automation industry, facing formidable rivals such as Siemens, Honeywell, Schneider Electric, ABB, and Rockwell Automation. These competitors continually vie for market share, employing aggressive pricing strategies and investing heavily in research and development. The success of Emerson's new products relies on customer acceptance, and rapid technological changes, including the increasing adoption of AI, IoT, and industrial software, could lead to unpredictable product transitions and shortened life cycles, challenging Emerson's market position.
- Integration Risks and Increased Debt from Strategic Acquisitions: Emerson has undertaken significant acquisitions, such as Aspen Technology and National Instruments, as part of its strategy to become a pure-play industrial automation entity. These acquisitions introduce substantial integration risks, including the challenge of aligning corporate cultures, integrating diverse systems and processes, and realizing anticipated synergies. Failure to effectively manage these integrations could lead to operational disruptions and negatively impact the company's financial performance. Furthermore, these transactions have increased Emerson's debt levels, impacting its financial flexibility in the short term.
- Economic Fluctuations, Geopolitical Risks, and Supply Chain Vulnerabilities: As a global company with operations in numerous countries and significant sales in both mature and emerging markets, Emerson is highly exposed to economic fluctuations. These include changes in government regulations, trade policies, currency fluctuations, and broader economic slowdowns that can delay large industrial projects and affect demand. Geopolitical tensions, natural disasters, and public health concerns can disrupt global production facilities and supply chains, impacting Emerson's ability to source materials and components, leading to production delays, increased costs, and potential loss of customers and revenue. The company's automation segment also remains sensitive to oil and gas market fluctuations.
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Emerson Electric (EMR) operates in diverse markets, with its main products and services falling under Automation Solutions and Commercial & Residential Solutions segments. The addressable market sizes for these key offerings are outlined below:
Automation Solutions Segment
-
Industrial Valves and Equipment:
- The global industrial valves market was valued at approximately USD 76.2 billion in 2023 and is projected to reach USD 100.9 billion by 2030. Other estimates place the global market size at USD 86.67 billion in 2025, with a projection to reach USD 273.49 billion by 2035. Another report valued it at USD 82.9 billion in 2025, expected to grow to USD 136.0 billion by 2034. The market was also estimated at USD 73.9 billion in 2025, with a forecast to grow to USD 149.1 billion in 2035.
-
Process Control Software and Systems (Advanced Process Control - APC):
- The global advanced process control market size was estimated at USD 2.17 billion in 2023 and is projected to reach USD 4.55 billion by 2030. Other figures suggest a global market size of USD 2.34 billion in 2025, predicted to increase to USD 5.58 billion by 2035. Another source reported the market as USD 1.83 billion in 2024, projected to reach USD 3.39 billion by 2033.
-
Measurement and Analytical Instrumentation:
- The global analytical instrumentation market size was estimated at USD 55.00 billion in 2024 and is anticipated to reach USD 90.48 billion by 2033. Another valuation placed the global market size at USD 58.96 billion in 2025, with projections to reach USD 98.68 billion by 2034. A different report indicated a market size of USD 41.8 billion in 2025, growing to USD 71.9 billion in 2035.
Commercial & Residential Solutions Segment
-
Residential and Commercial Heating and Air Conditioning Products (HVAC Systems):
- The global HVAC market was estimated at USD 263.6 billion in 2023 and is projected to reach USD 346.7 billion by the end of 2028. Other reports indicate the market is projected to grow from USD 328.6 billion in 2025 to USD 577.5 billion by 2035. Another estimate sets the global HVAC systems market size at USD 258.96 billion in 2025, projected to reach USD 445.73 billion by 2033. The market is also projected to grow from USD 299.28 billion in 2025 to USD 407.77 billion by 2030.
-
Residential and Variable Speed Scroll Compressors:
- The global scroll compressors market size was USD 7.55 billion in 2025, with projections to grow to USD 10.64 billion in 2030. The scroll heat pump compressors market was valued at over USD 5.8 billion in 2023.
-
Professional and Homeowner Tools:
- The global tools market (which includes power tools and hand tools) was estimated at USD 42.50 billion in 2023 and is projected to reach USD 61.84 billion by 2030. The global Professional Power Tools and Household Power Tools market size was valued at USD 36.7 billion in 2025 and is projected to grow to USD 53.9 billion by 2034. For residential hand and power tools specifically, the market was valued at USD 34.37 billion in 2024 and is projected to reach USD 46.02 billion by 2032.
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Emerson Electric (EMR) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market tailwinds:
- Increased Demand for Industrial Automation and Expansion in Key High-Growth Verticals: Emerson anticipates significant organic growth from its leadership in industrial automation, driven by customers investing in autonomous operations. The company is particularly focused on secular tailwinds in key growth verticals such as power, liquefied natural gas (LNG), life sciences, semiconductors, and aerospace & defense.
- Innovation and Growth in Software and AI-enabled Products: A core driver for Emerson is its expanding software-defined technology stack and continuous innovation. This includes the development and adoption of new software products like Nigel.ai for test automation and DeltaV version 16, as well as consistent growth in the annual contract value of its software offerings. The integration of AI capabilities into its solutions is also expected to enhance its leadership in automation.
- Strong Orders, Backlog, and Geographic Strength: Emerson has reported robust underlying orders growth and a substantial backlog, providing strong visibility for future revenue. This demand is particularly strong in specific geographic regions, with North America, India, and the Middle East & Africa consistently highlighted as areas experiencing robust demand for Emerson's automation technology.
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Share Repurchases
- Emerson Electric's annual share buybacks were $2 billion in 2023, $435 million in 2024, and $1.167 billion in 2025.
- The company has a plan to return $10 billion to shareholders by 2028, which includes a recently announced $250 million buyback.
Outbound Investments
- In October 2023, Emerson acquired National Instruments (NI) for an equity value of $8.2 billion to diversify its technology into test and measurement automation.
- Emerson completed the acquisition of all outstanding shares of AspenTech in March 2025, after initially acquiring a 55% majority stake in 2022. The transaction for the remaining shares valued AspenTech at a market capitalization of $17 billion.
- In August 2023, Emerson announced definitive agreements to acquire Afag (electric linear motion, feeding, and handling automation solutions) and Flexim (clamp-on ultrasonic flow measurement) to enhance factory automation and measurement capabilities.
Capital Expenditures
- Emerson's capital expenditures averaged 2.7% of revenue for fiscal years 2020 through 2024, with projections to remain at 2-2.5% of sales for upcoming years.
- Annual capital expenditures were $431 million for fiscal year 2025.
- The primary focus of capital expenditures is recapitalizing facilities in North America (including Mexico) and expanding into the Middle East, other parts of Asia, and Eastern Europe, supporting the company's automation strategy and R&D investment.
Peer Outperformance in Electrical Components & Equipment
EMR has outperformed 68% of its 40 Electrical Components & Equipment peers over 5Y. Among the peers that beat it are ETN and VICR. Electrical Components & Equipment ranks 10th of 23 industries in Industrials by median 5Y return.
Share of Electrical Components & Equipment constituents that EMR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
60%
of 48 industry peers · 25.0% return
3Y
58%
of 45 industry peers · 72.2% return
5Y
68%
of 40 industry peers · 81.6% return
Electrical Components & Equipment peers with revenue growth within 4pp of EMR's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| EMR | Emerson Electric | 7.7% | 34.3x | 25.0% | 72.2% | 81.6% | — |
| ETN | Eaton | 10.9% | 44.6x | 21.7% | 113.1% | 206.4% | +125pp |
| VICR | Vicor | 5.3% | 89.2x | 479.3% | 388.3% | 105.0% | +23pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Electrical Components & Equipment is EMR's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 4.3% | 110.6% | 183.4% | FIX 2185% · STRL 2110% · CDNL 2055% |
| Marine Transportation | 9 | 72.3% | 97.9% | 148.9% | HOS 43005% · ASC 465% · MATX 188% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 5.4% | 46.5% | 121.9% | CAT 348% · ALSN 240% · WAB 229% |
| Aerospace & Defense | 55 | -7.5% | 70.5% | 76.3% | ATI 980% · FTAI 863% · HWM 615% |
| Rail Transportation | 7 | 19.3% | 61.1% | 50.3% | FSTR 137% · CSX 64% · RAIL 53% |
| Trading Companies & Distributors | 19 | 4.4% | 36.4% | 47.5% | DXPE 535% · AIT 278% · WCC 217% |
| Industrial Machinery & Supplies & Components | 72 | 11.1% | 53.8% | 43.7% | CRS 1139% · PSIX 1112% · EROC 624% |
| Diversified Support Services | 33 | 16.3% | 34.2% | 31.9% | LIME 3297% · TH 422% · WLFC 352% |
| Cargo Ground Transportation | 16 | 33.0% | -0.3% | 24.8% | XPO 234% · R 212% · CVLG 133% |
| Electrical Components & Equipment ← | 41 | 7.0% | 58.4% | 22.0% | POWL 2282% · BE 1336% · VRT 954% |
| Building Products | 34 | -12.4% | 2.4% | 18.2% | LMB 633% · GFF 387% · PPIH 315% |
| Industrial Conglomerates | 17 | 9.4% | 5.0% | -3.2% | RCMT 504% · CSW 136% · DD 72% |
| Passenger Ground Transportation | 3 | -32.0% | 44.0% | -5.1% | UBER 47% · CAR -5% · LYFT -73% |
| Agricultural & Farm Machinery | 17 | 4.5% | 0.8% | -8.1% | BLBD 173% · DE 109% · GENC 55% |
| Environmental & Facilities Services | 30 | -15.4% | 19.5% | -8.6% | CECO 895% · ADUR 437% · GEO 335% |
| Research & Consulting Services | 13 | -16.9% | -26.7% | -14.0% | HURN 201% · CRAI 76% · GRNQ 69% |
| Data Processing & Outsourced Services | 6 | -34.1% | -15.1% | -29.8% | EXLS 40% · BR 7% · G -27% |
| Passenger Airlines | 11 | 19.0% | 22.6% | -33.2% | LTM 2741% · UAL 132% · DAL 101% |
| Office Services & Supplies | 9 | 15.7% | 19.6% | -36.0% | PBI 161% · TILE 138% · HNI 49% |
| Air Freight & Logistics | 12 | -20.3% | -22.2% | -39.1% | CHRW 85% · FDX 74% · EXPD 60% |
| Human Resource & Employment Services | 21 | 4.2% | -19.7% | -39.1% | BBSI 66% · ADP 46% · PAYX 9% |
| Security & Alarm Services | 10 | -22.8% | 22.3% | -45.9% | CIX 157% · MG 114% · NL 73% |
| Airport Services | 3 | -75.0% | -78.5% | -68.2% | JOBY -37% · ASLE -68% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 323.35 |
| Mkt Cap | 89.9 |
| Rev LTM | 23,247 |
| Op Inc LTM | 4,244 |
| FCF LTM | 3,682 |
| FCF 3Y Avg | 2,936 |
| CFO LTM | 4,138 |
| CFO 3Y Avg | 3,369 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.6% |
| Rev Chg 3Y Avg | 4.8% |
| Rev Chg Q | 8.6% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 14.9% |
| Op Inc Chg 3Y Avg | 14.0% |
| Op Mgn LTM | 18.7% |
| Op Mgn 3Y Avg | 18.1% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 17.9% |
| CFO/Rev 3Y Avg | 16.7% |
| FCF/Rev LTM | 14.9% |
| FCF/Rev 3Y Avg | 14.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 89.9 |
| P/S | 5.1 |
| P/Op Inc | 26.0 |
| P/EBIT | 28.0 |
| P/E | 34.1 |
| P/CFO | 28.1 |
| Total Yield | 4.0% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.3% |
| 3M Rtn | 5.0% |
| 6M Rtn | 19.4% |
| 12M Rtn | 26.5% |
| 3Y Rtn | 92.6% |
| 1M Excs Rtn | -0.6% |
| 3M Excs Rtn | -0.3% |
| 6M Excs Rtn | -0.6% |
| 12M Excs Rtn | 8.5% |
| 3Y Excs Rtn | 15.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Final Control | 4,380 | 4,204 | 3,970 | 3,607 | 3,488 |
| Control Systems & Software | 4,205 | 3,935 | 3,648 | 2,398 | 2,321 |
| Measurement & Analytical | 4,143 | 4,061 | 3,595 | 3,215 | 3,078 |
| Discrete Automation | 2,521 | 2,506 | 2,635 | 2,612 | 2,474 |
| Test & Measurement | 1,486 | 1,464 | 0 | 0 | |
| Safety & Productivity | 1,356 | 1,390 | 1,388 | 1,402 | 1,340 |
| Eliminations/interest | -75 | -68 | -71 | -86 | -88 |
| AspenTech | 656 | 319 | |||
| Total | 18,016 | 17,492 | 15,165 | 13,804 | 12,932 |
| $ Mil | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|
| Process Control | 671 | 476 | 388 | 387 | 360 |
| Appliance & Tools | 534 | 530 | 479 | 456 | 503 |
| Industrial Automation | 464 | 391 | 330 | 297 | 400 |
| Climate tech | 453 | ||||
| Network | 373 | ||||
| Electronics & Telecommunications | 297 | 168 | 119 | 359 | |
| HVAC | 467 | 386 | 333 | 347 | |
| Total | 2,495 | 2,161 | 1,751 | 1,592 | 1,969 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Control Systems & Software | 15,758 | 15,903 | 16,199 | 1,700 | 1,674 |
| Test & Measurement | 8,809 | 9,210 | 0 | 0 | |
| Final Control | 5,889 | 5,706 | 5,614 | 4,805 | 5,245 |
| Measurement & Analytical | 4,253 | 4,122 | 3,976 | 4,395 | 4,410 |
| Corporate and other | 3,413 | 5,607 | 13,226 | 6,879 | 7,729 |
| Discrete Automation | 2,569 | 2,470 | 2,493 | 2,284 | 2,405 |
| Safety & Productivity | 1,273 | 1,228 | 1,238 | 1,125 | 1,163 |
| AspenTech | 14,484 | 2,089 | |||
| Total | 41,964 | 44,246 | 42,746 | 35,672 | 24,715 |
Price Behavior
Price Behavior
| Market Price | $158.23 | |
| Market Cap ($ Bil) | 88.4 | |
| First Trading Date | 06/01/1972 | |
| Distance from 52W High | -3.4% | |
| 50 Days | 200 Days | |
| DMA Price | $152.60 | $143.26 |
| DMA Trend | up | up |
| Distance from DMA | 3.7% | 10.5% |
| 3M | 1YR | |
| Volatility | 28.6% | 32.0% |
| Downside Capture | 127.16 | 158.48 |
| Upside Capture | 141.55 | 155.17 |
| Correlation (SPY) | 46.6% | 62.4% |
EMR Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.56 | 1.24 | 1.26 | 1.59 | 1.56 | 1.27 |
| Up Beta | 1.62 | 1.11 | 0.96 | 1.73 | 1.51 | 1.21 |
| Down Beta | 2.62 | 0.51 | 1.16 | 1.23 | 1.47 | 1.27 |
| Up Capture | 130% | 177% | 162% | 167% | 199% | 211% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 25 | 37 | 68 | 143 | 407 |
| Down Capture | 163% | 124% | 128% | 162% | 139% | 107% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 11 | 17 | 27 | 59 | 108 | 342 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EMR | |
|---|---|---|---|---|
| EMR | 21.9% | 31.9% | 0.64 | - |
| Sector ETF (XLI) | 13.0% | 17.2% | 0.54 | 79.6% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 62.5% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 35.6% |
| Commodities (DBC) | 44.3% | 20.7% | 1.66 | -18.9% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 32.3% |
| Bitcoin (BTCUSD) | -25.9% | 44.8% | -0.54 | 29.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EMR | |
|---|---|---|---|---|
| EMR | 12.8% | 27.8% | 0.43 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 77.8% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 66.7% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 16.6% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | 16.5% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 46.2% |
| Bitcoin (BTCUSD) | 12.2% | 52.6% | 0.41 | 25.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EMR | |
|---|---|---|---|---|
| EMR | 14.7% | 29.3% | 0.52 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 81.1% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 70.4% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 6.5% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 29.7% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 52.1% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 16.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 2.3% | 3.5% | -5.9% |
| 5/5/2026 | 6.9% | -0.8% | 3.1% |
| 2/3/2026 | 3.4% | 6.3% | -6.1% |
| 11/20/2025 | -3.5% | 2.6% | 5.3% |
| 8/6/2025 | -4.7% | -5.4% | -4.9% |
| 5/7/2025 | 2.4% | 13.3% | 14.7% |
| 2/5/2025 | -2.3% | -0.6% | -8.5% |
| 11/5/2024 | 7.2% | 17.7% | 22.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 13 |
| # Negative | 10 | 9 | 11 |
| Median Positive | 3.6% | 5.3% | 7.6% |
| Median Negative | -4.3% | -3.4% | -6.1% |
| Max Positive | 10.4% | 17.7% | 22.8% |
| Max Negative | -7.6% | -7.6% | -9.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 2.3% | 3.5% | -5.9% |
| 5/5/2026 | 6.9% | -0.8% | 3.1% |
| 2/3/2026 | 3.4% | 6.3% | -6.1% |
| 11/20/2025 | -3.5% | 2.6% | 5.3% |
| 8/6/2025 | -4.7% | -5.4% | -4.9% |
| 5/7/2025 | 2.4% | 13.3% | 14.7% |
| 2/5/2025 | -2.3% | -0.6% | -8.5% |
| 11/5/2024 | 7.2% | 17.7% | 22.8% |
| 8/7/2024 | -7.6% | -3.4% | -6.8% |
| 5/8/2024 | 4.9% | 6.5% | -0.9% |
| 2/7/2024 | 10.4% | 11.1% | 17.6% |
| 11/7/2023 | -7.4% | -5.6% | -3.8% |
| 8/2/2023 | 3.8% | 5.3% | 7.9% |
| 4/6/2023 | 0.3% | 2.8% | 1.6% |
| 2/8/2023 | -5.7% | -5.7% | -7.9% |
| 11/29/2022 | 0.1% | 1.0% | 1.1% |
| 8/9/2022 | -3.8% | -0.7% | -8.1% |
| 5/4/2022 | 1.0% | -7.6% | -0.0% |
| 2/2/2022 | 5.5% | 5.0% | 1.3% |
| 11/3/2021 | -4.9% | -2.6% | -9.3% |
| 8/4/2021 | -0.9% | 1.9% | 3.4% |
| 5/5/2021 | -0.2% | 4.6% | 7.6% |
| 2/2/2021 | 3.7% | 7.1% | 10.2% |
| 11/3/2020 | 3.6% | 12.3% | 12.4% |
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 13 |
| # Negative | 10 | 9 | 11 |
| Median Positive | 3.6% | 5.3% | 7.6% |
| Median Negative | -4.3% | -3.4% | -6.1% |
| Max Positive | 10.4% | 17.7% | 22.8% |
| Max Negative | -7.6% | -7.6% | -9.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/10/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-K |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-K |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-Q |
| 09/30/2022 | 11/14/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/10/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-K |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-K |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-Q |
| 09/30/2022 | 11/14/2022 | 10-K |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/02/2022 | 10-Q |
| 09/30/2021 | 11/15/2021 | 10-K |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/03/2021 | 10-Q |
| 09/30/2020 | 11/16/2020 | 10-K |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 04/24/2020 | 10-Q |
| 12/31/2019 | 02/05/2020 | 10-Q |
| 09/30/2019 | 11/18/2019 | 10-K |
Recent Forward Guidance
Updated 8/5/2026Latest: Q3 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Net Sales Growth | Reported | 5.0% | -0.5% | Lower New | Guidance: 5.5% for Q3 2026 | |||
| Q4 2026 Underlying Sales Growth | Reported | 5.0% | 0.0% | Same New | Guidance: 5.0% for Q3 2026 | |||
| Q4 2026 Earnings Per Share | Reported | 1.45 | 16.5% | Higher New | Guidance: 1.25 for Q3 2026 | |||
| Q4 2026 Adjusted Earnings Per Share | Reported | 1.85 | 10.4% | Higher New | Guidance: 1.68 for Q3 2026 | |||
| 2026 Operating Cash Flow | Reported | 4.10 Bil | 1.2% | Raised | Guidance: 4.05 Bil for 2026 | |||
| 2026 Net Sales Growth | Reported | 5.0% | 0.5% | Raised | Guidance: 4.5% for 2026 | |||
| 2026 Underlying Sales Growth | Reported | 3.5% | 0.5% | Raised | Guidance: 3.0% for 2026 | |||
| 2026 Earnings Per Share | Reported | 4.89 | 1.0% | Raised | Guidance: 4.84 for 2026 | |||
| 2026 Adjusted Earnings Per Share | Reported | 6.55 | 0.8% | Raised | Guidance: 6.5 for 2026 | |||
| 2026 Free Cash Flow | Reported | 3.60 Bil | 1.4% | Raised | Guidance: 3.55 Bil for 2026 | |||
Prior: Q2 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Net Sales Growth | Reported | 5.5% | 57.1% | 2.0% | Higher New | Guidance: 3.5% for Q2 2026 | ||
| Q3 2026 Underlying Sales Growth | Reported | 5.0% | 233.3% | 3.5% | Higher New | Guidance: 1.5% for Q2 2026 | ||
| Q3 2026 EPS | Reported | 1.22 | 1.25 | 1.27 | 14.8% | Higher New | Guidance: 1.08 for Q2 2026 | |
| Q3 2026 Adjusted EPS | Reported | 1.65 | 1.68 | 1.7 | 9.8% | Higher New | Guidance: 1.52 for Q2 2026 | |
| 2026 Operating Cash Flow | Reported | 4.00 Bil | 4.05 Bil | 4.10 Bil | 0 | Affirmed | Guidance: 4.05 Bil for 2026 | |
| 2026 Dividends | Reported | 1.20 Bil | ||||||
| 2026 Net Sales Growth | Reported | 4.5% | -18.2% | -1.0% | Lowered | Guidance: 5.5% for 2026 | ||
| 2026 Underlying Sales Growth | Reported | 3.0% | -25.0% | -1.0% | Lowered | Guidance: 4.0% for 2026 | ||
| 2026 EPS | Reported | 4.79 | 4.84 | 4.89 | -0.3% | Lowered | Guidance: 4.86 for 2026 | |
| 2026 Adjusted EPS | Reported | 6.45 | 6.5 | 6.55 | 0.4% | Raised | Guidance: 6.47 for 2026 | |
| 2026 Free Cash Flow | Reported | 3.50 Bil | 3.55 Bil | 3.60 Bil | 0 | Affirmed | Guidance: 3.55 Bil for 2026 | |
| 2026 Share Repurchases | Reported | 1.00 Bil | 0 | Affirmed | Guidance: 1.00 Bil for 2026 | |||
Insider Activity
Updated 8/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Karsanbhai, Surendralal Lanca | President & CEO | Trust | Sell | 8122026 | 161.91 | 9,650 | 1,562,469 | 43,998,974 | Form |
| 2 | Train, Michael H | SVP & Chief Sustain Officer | Direct | Sell | 8072026 | 158.99 | 7,329 | 1,165,238 | 37,921,659 | Form |
| 3 | Krishnan, Ram R | Executive Vice Pres & COO | Trust | Sell | 6022026 | 141.22 | 11,500 | 1,624,030 | 22,544,220 | Form |
| 4 | Karsanbhai, Surendralal Lanca | President & CEO | Trust | Sell | 3122026 | 142.32 | 5,700 | 811,227 | 40,048,025 | Form |
| 5 | Piazza, Nicholas J | Senior VP & CPO | Direct | Sell | 2112026 | 159.07 | 6,703 | 1,066,245 | 5,036,786 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Karsanbhai, Surendralal Lanca | President & CEO | Trust | Sell | 8122026 | 161.91 | 9,650 | 1,562,469 | 43,998,974 | Form |
| 2 | Train, Michael H | SVP & Chief Sustain Officer | Direct | Sell | 8072026 | 158.99 | 7,329 | 1,165,238 | 37,921,659 | Form |
| 3 | Krishnan, Ram R | Executive Vice Pres & COO | Trust | Sell | 6022026 | 141.22 | 11,500 | 1,624,030 | 22,544,220 | Form |
| 4 | Karsanbhai, Surendralal Lanca | President & CEO | Trust | Sell | 3122026 | 142.32 | 5,700 | 811,227 | 40,048,025 | Form |
| 5 | Piazza, Nicholas J | Senior VP & CPO | Direct | Sell | 2112026 | 159.07 | 6,703 | 1,066,245 | 5,036,786 | Form |
| 6 | Blinn, Mark A | Direct | Sell | 2092026 | 152.62 | 2,876 | 438,930 | 1,153,029 | Form | |
| 7 | Karsanbhai, Surendralal Lanca | President & CEO | Direct | Sell | 12042025 | 133.00 | 7,263 | 965,979 | 26,106,836 | Form |
Investor Activity (13F)
Updated Sep 27, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Clean Energy Transition LLP | $160.2 Mil | 13.1% | 14 | TRIM -9.5% | 13F |
| Powszechne Towarzystwo Emerytalne Allianz Polska S.A. | $13.1 Mil | 4.9% | 10 | Hold | 13F |
| Eldred Rock Partners, LLC | $12.7 Mil | 3.2% | 31 | Hold | 13F |
| Regents Gate Capital LLP | $13.9 Mil | 3.0% | 36 | ADD +210.8% | 13F |
| St. James Investment Company, LLC | $16.2 Mil | 2.5% | 22 | Hold | 13F |
| National Mutual Insurance Federation of Agricultural Cooperatives | $22.4 Mil | 0.2% | 41 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Clean Energy Transition LLP | $160.2 Mil | 13.1% | 14 | TRIM -9.5% | 13F |
| National Mutual Insurance Federation of Agricultural Cooperatives | $22.4 Mil | 0.2% | 41 | Hold | 13F |
| St. James Investment Company, LLC | $16.2 Mil | 2.5% | 22 | Hold | 13F |
| Regents Gate Capital LLP | $13.9 Mil | 3.0% | 36 | ADD +210.8% | 13F |
| Powszechne Towarzystwo Emerytalne Allianz Polska S.A. | $13.1 Mil | 4.9% | 10 | Hold | 13F |
| Eldred Rock Partners, LLC | $12.7 Mil | 3.2% | 31 | Hold | 13F |
Industry Resources
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Core Cache Last Updated: 9/26/2026