Meeder Asset Management Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,741 shares of the industrial products company’s stock, valued at approximately $536,000.
Other institutional investors have also added to or reduced their stakes in the company. Tiemann Investment Advisors LLC purchased a new position in shares of Emerson Electric in the 2nd quarter worth approximately $599,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Emerson Electric during the second quarter valued at approximately $5,988,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in Emerson Electric during the second quarter worth $1,707,000. Cornerstone Advisors LLC purchased a new position in Emerson Electric in the second quarter worth $12,110,000. Finally, Tortoise Investment Management LLC bought a new position in Emerson Electric in the 2nd quarter valued at $561,000. 74.30% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on EMR shares. Rothschild & Co Redburn lifted their target price on Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. DA Davidson started coverage on shares of Emerson Electric in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $145.00 price objective on the stock. Royal Bank Of Canada increased their target price on shares of Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price on the stock in a research note on Friday, July 17th. Finally, KeyCorp decreased their price objective on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.96.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’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 completion of the sale, the chief executive officer owned 271,743 shares in the company, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.
Emerson Electric Stock Performance
NYSE:EMR opened at $157.82 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35. The stock has a market cap of $88.39 billion, a P/E ratio of 34.53, a PEG ratio of 2.43 and a beta of 1.24. The business’s 50-day moving average price is $147.09 and its two-hundred day moving average price is $143.26.
Emerson Electric (NYSE:EMR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the company earned $1.52 EPS. The company’s revenue was up .0% on a year-over-year basis. 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. As a group, equities analysts predict that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
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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