Notis McConarty Edward bought a new position in Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,337 shares of the industrial products company’s stock, valued at approximately $1,050,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Basso Capital Management L.P. purchased a new position in shares of Emerson Electric in the 4th quarter worth $25,000. Allied Private Wealth LLC purchased a new stake in Emerson Electric during the second quarter valued at $27,000. IFC & Insurance Marketing Inc. bought a new position in Emerson Electric in the fourth quarter valued at about $27,000. Motiv8 Investments LLC bought a new position in Emerson Electric in the fourth quarter valued at about $27,000. Finally, MidFirst Bank purchased a new position in Emerson Electric in the second quarter worth about $31,000. 74.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
EMR has been the subject of several research reports. HSBC upped their price target on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. KeyCorp dropped their price objective on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Stephens upped their target price on shares of Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. BNP Paribas Exane increased their price target on shares of Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.96.
Emerson Electric Stock Performance
Shares of EMR opened at $157.60 on Thursday. The business has a 50-day simple moving average of $147.50 and a two-hundred day simple moving average of $143.31. 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 52 week low of $122.64 and a 52 week high of $166.35. The stock has a market cap of $88.27 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.35 and a beta of 1.24.
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share 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 return on equity of 17.58% and a net margin of 13.83%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm 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, analysts expect that Emerson Electric Co. will post 6.55 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s payout ratio is currently 48.58%.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The shares were 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 directly 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 SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.
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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