Foster Victor Wealth Advisors LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 160,548 shares of the industrial products company’s stock after buying an additional 3,094 shares during the period. Emerson Electric comprises 1.2% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 18th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Emerson Electric were worth $25,774,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. ABS Investment Management LLC purchased a new stake in Emerson Electric in the 2nd quarter worth approximately $858,900,000. Allied Private Wealth LLC purchased a new position in Emerson Electric during the second quarter valued at approximately $27,000. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the second quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Emerson Electric in the second quarter worth approximately $30,000. Finally, MidFirst Bank purchased a new stake in shares of Emerson Electric in the second quarter worth $31,000. 74.30% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Citigroup raised their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets upped their target price on shares of Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Sanford C. Bernstein increased their price target on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada raised their price target on Emerson Electric from $179.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Finally, TD Cowen boosted their price objective on Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.17.
Get Our Latest Research Report on Emerson Electric
Emerson Electric Trading Up 1.7%
EMR stock opened at $163.25 on Thursday. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The company has a market capitalization of $91.43 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.20 and a beta of 1.21. The business has a 50 day simple moving average of $156.25 and a two-hundred day simple moving average of $147.55.
Emerson Electric (NYSE:EMR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. 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. Research analysts anticipate that Emerson Electric Co. will post 6.56 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were given a dividend of $0.5550 per share. The ex-dividend date was Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio is currently 48.58%.
Emerson Electric Profile
Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.
The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.
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