Plancorp LLC grew its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,361 shares of the industrial products company’s stock after acquiring an additional 3,719 shares during the period. Emerson Electric comprises approximately 1.0% of Plancorp LLC’s investment portfolio, making the stock its 17th biggest position. Plancorp LLC’s holdings in Emerson Electric were worth $45,418,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at about $6,193,425,000. Bank of America Corp DE acquired a new position in Emerson Electric in the 2nd quarter worth about $2,629,146,000. Bank of New York Mellon Corp purchased a new position in Emerson Electric during the second quarter worth approximately $659,000,000. Legal & General Group Plc purchased a new position in Emerson Electric during the second quarter worth approximately $613,846,000. Finally, Jupiter Topco LLC acquired a new stake in Emerson Electric in the second quarter valued at approximately $260,485,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Key Emerson Electric News
Here are the key news stories impacting Emerson Electric this week:
- Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
- Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
- Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
- Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
- Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast
Emerson Electric Price Performance
Shares of NYSE EMR traded down $0.33 during midday trading on Friday, hitting $162.28. The stock had a trading volume of 2,646,960 shares, compared to its average volume of 2,874,288. The company has a market capitalization of $90.89 billion, a PE ratio of 33.95, a P/E/G ratio of 2.31 and a beta of 1.23. The stock has a 50 day simple moving average of $157.91 and a 200-day simple moving average of $147.61. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $172.00. 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 Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the previous year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect that Emerson Electric Co. will post 7.21 EPS for the current fiscal year.
Emerson Electric Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.5950 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.38 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 46.44%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on EMR. Rothschild & Co Redburn boosted their price objective on Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. BNP Paribas Exane increased their target price on Emerson Electric from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley reduced their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Weiss Ratings raised shares of Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $175.38.
Check Out Our Latest Research Report on EMR
Insider Transactions at Emerson Electric
In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.
The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.
Founded in 1890 and headquartered in St.
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