Emerson Electric Co. $EMR Stock Purchased by Cardinal Capital Management

Cardinal Capital Management grew its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,537 shares of the industrial products company’s stock after acquiring an additional 3,125 shares during the quarter. Emerson Electric accounts for about 1.7% of Cardinal Capital Management’s investment portfolio, making the stock its 14th largest holding. Cardinal Capital Management’s holdings in Emerson Electric were worth $14,197,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Foster Victor Wealth Advisors LLC raised its holdings in Emerson Electric by 2.0% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 160,548 shares of the industrial products company’s stock worth $25,774,000 after buying an additional 3,094 shares during the period. Vest Financial LLC boosted its holdings in shares of Emerson Electric by 4.4% in the third quarter. Vest Financial LLC now owns 369,230 shares of the industrial products company’s stock valued at $57,268,000 after buying an additional 15,462 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Emerson Electric by 2.3% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 146,450 shares of the industrial products company’s stock valued at $22,714,000 after buying an additional 3,328 shares during the period. Seamount Financial Group Inc. acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $215,000. Finally, Magnus Financial Group LLC increased its position in shares of Emerson Electric by 3.9% during the third quarter. Magnus Financial Group LLC now owns 2,053 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 78 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Weiss Ratings upgraded shares of Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. TD Cowen increased their target price on Emerson Electric from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, September 25th. Finally, Mizuho lifted their price target on Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.17.

Check Out Our Latest Stock Analysis on EMR

Emerson Electric Price Performance

Shares of EMR opened at $163.25 on Thursday. The stock has a market capitalization of $91.43 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.20 and a beta of 1.21. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35. The company has a 50 day moving average of $156.25 and a 200-day moving average of $147.55. 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 (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, topping analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The firm’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. As a group, equities research analysts forecast that Emerson Electric Co. will post 6.56 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 14th were given a dividend of $0.5550 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s payout ratio is 48.58%.

Emerson Electric Profile

(Free Report)

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.

Further Reading

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.