Empowered Funds LLC purchased a new position in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 58,828 shares of the industrial products company’s stock, valued at approximately $8,421,000.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $6,193,425,000. Bank of America Corp DE bought a new stake in Emerson Electric in the second quarter worth $2,629,146,000. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter valued at $1,050,040,000. Bank of New York Mellon Corp bought a new position in Emerson Electric during the second quarter valued at $659,000,000. Finally, Legal & General Group Plc purchased a new position in shares of Emerson Electric in the 2nd quarter worth $613,846,000. 74.30% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
EMR has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research report on Friday, July 31st. Stephens boosted their price objective on Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Citigroup raised their price objective on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their target price on Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Finally, BNP Paribas Exane boosted their target price on Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $167.83.
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.
Emerson Electric Stock Down 1.5%
Shares of NYSE EMR opened at $155.37 on Friday. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $166.35. The firm has a 50-day simple moving average of $148.79 and a two-hundred day simple moving average of $143.58. The company has a market cap of $87.02 billion, a P/E ratio of 34.00, a PEG ratio of 2.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66.
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 for the quarter, topping 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 the consensus estimate of $4.80 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Emerson Electric Co. will post 6.54 earnings per share for the current year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
Emerson Electric 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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