Pinnacle Financial Partners Inc trimmed its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 72.2% in the third quarter, HoldingsChannel reports. The firm owned 50,531 shares of the industrial products company’s stock after selling 131,490 shares during the period. Pinnacle Financial Partners Inc’s holdings in Emerson Electric were worth $6,629,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in EMR. Vanguard Group Inc. raised its stake in Emerson Electric by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 54,129,898 shares of the industrial products company’s stock valued at $7,217,139,000 after acquiring an additional 695,105 shares in the last quarter. State Street Corp increased its holdings in shares of Emerson Electric by 3.0% during the second quarter. State Street Corp now owns 27,053,019 shares of the industrial products company’s stock valued at $3,606,979,000 after purchasing an additional 784,987 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Emerson Electric by 75.0% during the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after purchasing an additional 5,371,585 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Emerson Electric by 0.7% in the second quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock worth $1,610,958,000 after purchasing an additional 89,192 shares during the period. Finally, Nordea Investment Management AB grew its position in Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after buying an additional 1,499,000 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on EMR. UBS Group raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and upped their price target for the stock from $131.00 to $168.00 in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Robert W. Baird upped their price objective on Emerson Electric from $143.00 to $164.00 and gave the company a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.76.
Emerson Electric Price Performance
NYSE EMR opened at $149.47 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $151.34. The company has a market cap of $84.05 billion, a PE ratio of 37.00, a PEG ratio of 2.42 and a beta of 1.26. The stock’s 50-day moving average price is $135.41 and its two-hundred day moving average price is $135.25.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Wednesday, November 5th. The industrial products company reported $1.62 earnings per share for the quarter, hitting the consensus estimate of $1.62. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Emerson Electric has set its FY 2026 guidance at 6.350-6.550 EPS and its Q1 2026 guidance at 1.400-1.400 EPS. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $0.555 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, November 14th. Emerson Electric’s dividend payout ratio is presently 54.95%.
Emerson Electric declared that its board has approved a share repurchase program on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Insider Transactions at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at $26,106,836. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.
About Emerson Electric
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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