NTV Asset Management LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 62.4% in the third quarter, HoldingsChannel reports. The firm owned 18,842 shares of the industrial products company’s stock after buying an additional 7,239 shares during the quarter. NTV Asset Management LLC’s holdings in Emerson Electric were worth $2,922,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $6,193,425,000. State Street Corp boosted its position in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock valued at $3,962,177,000 after buying an additional 403,957 shares during the period. Bank of America Corp DE boosted its position in Emerson Electric by 13.1% in the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after buying an additional 2,302,055 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Emerson Electric by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock worth $827,478,000 after acquiring an additional 117,513 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Emerson Electric in the second quarter worth $613,846,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction on 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 sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.
Emerson Electric Stock Up 0.9%
Shares of NYSE:EMR opened at $161.74 on Friday. The firm’s 50 day moving average price is $156.14 and its 200 day moving average price is $147.85. The stock has a market cap of $90.59 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. 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 issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (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 company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly 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 research analysts predict that Emerson Electric Co. will post 6.56 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a $0.5550 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 48.58%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on EMR. DA Davidson upped their price objective on Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Weiss Ratings upgraded Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wells Fargo & Company began coverage on Emerson Electric in a report on Friday, September 25th. They issued an “overweight” rating and a $177.00 target price for the company. BMO Capital Markets boosted their target price on Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Emerson Electric from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $172.17.
Read Our Latest Stock Analysis on Emerson Electric
Emerson Electric Company Profile
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.
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