NewEdge Wealth LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,469 shares of the industrial products company's stock, valued at approximately $3,503,000.
Other large investors have also made changes to their positions in the company. PensionDanmark Pensionsforsikringsaktieselskab grew 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. Fisher Asset Management LLC grew its position 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 worth $954,405,000 after buying an additional 928,548 shares in the last quarter. BlackRock Inc. acquired a new stake in Emerson Electric in the second quarter valued at $6,193,425,000. Truist Financial Corp grew its holdings in Emerson Electric by 4.6% during the 4th quarter. Truist Financial Corp now owns 1,185,160 shares of the industrial products company's stock worth $157,294,000 after acquiring an additional 52,440 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Emerson Electric by 2.1% in the 4th quarter. Legal & General Group Plc now owns 4,114,470 shares of the industrial products company's stock valued at $546,072,000 after purchasing an additional 84,064 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This trade 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 at the SEC website. Insiders own 0.23% of the company's stock.
Emerson Electric Stock Down 1.7%
Emerson Electric stock opened at $154.93 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35. The company has a 50-day simple moving average of $147.76 and a 200-day simple moving average of $143.36. The firm has a market capitalization of $86.78 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.34 and a beta of 1.24.
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 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 analyst estimates of $4.80 billion. During the same period in the prior year, the business posted $1.52 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. 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 analysts expect that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued 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 payout ratio is currently 48.58%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Emerson Electric in a report on Friday, July 31st. Barclays raised their price objective on Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn lifted their price objective on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Finally, Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $166.96.
Check Out Our Latest Stock Report on EMR
About Emerson Electric
(
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.
See Also
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