Cullinan Associates Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 7.3% during the third quarter, Holdings Channel reports. The firm owned 52,330 shares of the industrial products company’s stock after buying an additional 3,580 shares during the quarter. Cullinan Associates Inc.’s holdings in Emerson Electric were worth $8,116,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Emerson Electric in the second quarter valued at $6,193,425,000. State Street Corp boosted its position in shares of Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock worth $3,962,177,000 after buying an additional 403,957 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Emerson Electric in the 2nd quarter worth about $2,629,146,000. ABS Investment Management LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at about $858,900,000. Finally, Bank of New York Mellon Corp grew its stake in Emerson Electric by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after acquiring an additional 117,513 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Insider Buying and Selling
In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric 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 owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.
More Emerson Electric News
Here are the key news stories impacting Emerson Electric this week:
- Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
- Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
- Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
- Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
- Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast
Wall Street Analyst Weigh In
A number of brokerages have issued reports on EMR. HSBC lifted their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. DA Davidson raised their price objective on shares of Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Finally, BNP Paribas Exane lifted their price objective on Emerson Electric from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.38.
Get Our Latest Analysis on EMR
Emerson Electric Trading Down 0.2%
Shares of Emerson Electric stock opened at $162.28 on Friday. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The business’s fifty day moving average is $157.91 and its two-hundred day moving average is $147.61. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $90.89 billion, a PE ratio of 33.95, a P/E/G ratio of 2.29 and a beta of 1.23.
Emerson Electric (NYSE:EMR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. Analysts anticipate that Emerson Electric Co. will post 7.34 earnings per share for the current year.
Emerson Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be issued a $0.5950 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date is Friday, November 13th. This represents a $2.38 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is presently 46.44%.
About Emerson Electric
Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.
The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.
Founded in 1890 and headquartered in St.
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