Van ECK Associates Corp raised its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 78.9% in the second quarter, Holdings Channel reports. The institutional investor owned 37,838 shares of the industrial products company’s stock after buying an additional 16,688 shares during the quarter. Van ECK Associates Corp’s holdings in Emerson Electric were worth $5,417,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. ABS Investment Management LLC bought a new position in Emerson Electric in the 2nd quarter worth about $858,900,000. Basso Capital Management L.P. bought a new stake in Emerson Electric during the 4th quarter valued at about $25,000. Allied Private Wealth LLC purchased a new position in Emerson Electric in the second quarter worth about $27,000. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the second quarter worth approximately $29,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.
Emerson Electric Trading Up 0.9%
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s payout ratio is presently 48.58%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $169.00 to $179.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Daiwa Securities Group decreased their price target on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Morgan Stanley lifted their price objective on Emerson Electric from $125.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Evercore dropped their price target on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Citigroup boosted their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.83.
Get Our Latest 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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