Callan Family Office LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,453 shares of the industrial products company's stock, valued at approximately $3,071,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Emerson Electric by 9.4% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company's stock valued at $14,563,000 after purchasing an additional 8,700 shares in the last quarter. BlackRock Inc. bought a new position in shares of Emerson Electric in the second quarter valued at $6,193,425,000. Fisher Asset Management LLC grew its holdings in shares of Emerson Electric by 14.8% during the fourth quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company's stock valued at $954,405,000 after buying an additional 928,548 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Emerson Electric by 4.6% during the fourth quarter. Truist Financial Corp now owns 1,185,160 shares of the industrial products company's stock valued at $157,294,000 after buying an additional 52,440 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Emerson Electric by 2.1% during the fourth quarter. Legal & General Group Plc now owns 4,114,470 shares of the industrial products company's stock worth $546,072,000 after acquiring an additional 84,064 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Up 1.6%
Emerson Electric stock opened at $157.21 on Friday. 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 debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The firm's 50-day simple moving average is $148.04 and its 200 day simple moving average is $143.46. The stock has a market cap of $88.05 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.34 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 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business posted $1.52 EPS. 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 predict that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric's dividend payout ratio (DPR) is presently 48.58%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Citigroup raised their price target on shares of Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. BNP Paribas Exane boosted their price objective on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Sanford C. Bernstein raised their target price on Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, August 14th. BMO Capital Markets lifted their target price on Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Finally, DA Davidson started coverage on Emerson Electric in a report on Tuesday, June 16th. They set a "neutral" rating and a $145.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $166.96.
Get Our Latest Research Report on Emerson Electric
Insider Buying and Selling
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company's stock.
Emerson Electric Company Profile
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Free Report)
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.
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).
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