Cornerstone Advisors LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 84,600 shares of the industrial products company’s stock, valued at approximately $12,110,000.
Several other hedge funds also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC acquired a new stake in Emerson Electric during the 2nd quarter worth about $561,000. UNIVEST FINANCIAL Corp acquired a new position in shares of Emerson Electric in the 2nd quarter valued at about $346,000. Grandfield & Dodd LLC purchased a new stake in shares of Emerson Electric in the second quarter worth about $2,161,000. MidFirst Bank acquired a new stake in Emerson Electric during the second quarter worth about $31,000. Finally, BlackRock Inc. purchased a new position in Emerson Electric during the second quarter valued at approximately $6,193,425,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s 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 in the company, valued at $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 available through this link. 0.23% of the stock is owned by insiders.
Emerson Electric Trading Down 0.7%
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.87 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $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, equities research analysts expect that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s payout ratio is 48.58%.
Analyst Upgrades and Downgrades
EMR has been the topic of several recent research reports. Barclays upped their price objective on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on shares of Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, BMO Capital Markets lifted their price objective on shares of Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $166.96.
Get Our Latest Analysis on EMR
Emerson Electric Company Profile
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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