Vest Financial LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 369,230 shares of the industrial products company’s stock after buying an additional 15,462 shares during the period. Vest Financial LLC owned about 0.07% of Emerson Electric worth $57,268,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. ABS Investment Management LLC bought a new position in shares of Emerson Electric in the second quarter worth approximately $858,900,000. Allied Private Wealth LLC bought a new stake in Emerson Electric during the 2nd quarter valued at $27,000. Orion Capital Management LLC bought a new stake in Emerson Electric during the 2nd quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Emerson Electric during the 2nd quarter valued at $30,000. Finally, MidFirst Bank purchased a new stake in Emerson Electric during the 2nd quarter valued at $31,000. Institutional investors own 74.30% of the company’s stock.
Insider Activity
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction that occurred 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 owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EMR. BMO Capital Markets boosted their price target on shares of Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Rothschild & Co Redburn lifted their price objective on Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Citigroup lifted their price objective on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. BNP Paribas Exane upped their price target on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Finally, Evercore reduced their price target on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.17.
Check Out Our Latest Stock Analysis on Emerson Electric
Emerson Electric Price Performance
Shares of NYSE:EMR opened at $163.25 on Thursday. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. The business has a 50-day simple moving average of $156.25 and a two-hundred day simple moving average of $147.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The firm has a market cap of $91.43 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21.
Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. Emerson Electric’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, analysts expect that Emerson Electric Co. will post 6.56 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were given a dividend of $0.5550 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
About Emerson Electric
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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