Edmond DE Rothschild Holding S.A. acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 88,630 shares of the industrial products company’s stock, valued at approximately $12,687,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Basso Capital Management L.P. bought a new position in Emerson Electric in the fourth quarter valued at about $25,000. Allied Private Wealth LLC bought a new stake in Emerson Electric during the 2nd quarter worth about $27,000. IFC & Insurance Marketing Inc. acquired a new position in Emerson Electric during the 4th quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric during the 4th quarter valued at about $27,000. Finally, MidFirst Bank bought a new position in shares of Emerson Electric in the 2nd quarter valued at about $31,000. Institutional investors own 74.30% of the company’s stock.
Insider Activity
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.
Emerson Electric Stock Down 0.1%
Emerson Electric (NYSE:EMR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Emerson Electric has set its FY 2026 guidance at 6.550-6.550 EPS and its Q4 2026 guidance at 1.850-1.850 EPS. Analysts expect that Emerson Electric Co. will post 6.55 EPS for the current year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s payout ratio is presently 48.58%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Stephens increased their price objective on shares of Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a report on Friday, July 31st. BMO Capital Markets upped their target price on shares of Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. HSBC raised their price target on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Finally, Citigroup upped their price objective on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $166.96.
Get Our Latest Stock Report on Emerson Electric
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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