37,823 Shares of Emerson Electric Co. $EMR Acquired by Associated Banc Corp

Key Points

• Associated Banc Corp acquired 37,823 Emerson Electric shares in the third quarter, valued at about $5.87 million; institutional investors collectively own 74.3% of the company’s shares.
• Emerson reported quarterly EPS of $1.86 and revenue of $5.20 billion, both slightly above analyst expectations. The company also raised its quarterly dividend 7.2% to $0.595 per share.
• Analyst opinion is broadly positive but mixed: MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of $171.96, while some analysts have cut their targets or maintain a cautious rating.

Associated Banc Corp purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,823 shares of the industrial products company's stock, valued at approximately $5,866,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. William Mack & Associates Inc. bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Allied Private Wealth LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth approximately $27,000. Financial Management Professionals Inc. raised its stake in Emerson Electric by 100.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 86 shares during the period. Next Level Wealth Planning LLC bought a new stake in Emerson Electric in the 3rd quarter valued at $27,000. Finally, Orion Capital Management LLC acquired a new stake in Emerson Electric during the 2nd quarter valued at $29,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on EMR shares. KeyCorp reduced their price objective on shares of Emerson Electric from $185.00 to $170.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. TD Cowen boosted their target price on shares of Emerson Electric from $150.00 to $170.00 and gave the company a "hold" rating in a research report on Friday, September 25th. Morgan Stanley reduced their price target on Emerson Electric from $145.00 to $140.00 and set an "underweight" rating on the stock in a research report on Tuesday. Citigroup increased their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane lifted their price target on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $171.96.

More Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Adjusted EPS was $1.86, above the $1.85 consensus and up from $1.62 a year earlier. Revenue of $5.20 billion also exceeded estimates of $5.11 billion; the company cited stronger orders, higher volumes and margin expansion. Read More.
• Positive Sentiment: Orders reportedly rose 14%, and Emerson’s initial fiscal 2027 outlook calls for 5% sales growth—signals of continued demand and growth. Read More.
• Positive Sentiment: The quarterly dividend increased 7.2%, from $0.555 to $0.595 per share, or $2.38 annualized. The higher payout may appeal to income-focused investors. Read More.
• Neutral Sentiment: Analyst views are mixed: BMO upgraded Emerson to “strong buy,” while Morgan Stanley recently cut its price target to $140 and maintained an “underweight” rating. Read More.
• Negative Sentiment: Despite the earnings beat and growth forecast, coverage characterized the outlook as cautious. Investors may look for more detail on the pace of growth and whether it can meet expectations. Read More.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm's stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Emerson Electric Trading Up 2.9%

Shares of EMR stock opened at $171.17 on Thursday. The stock has a 50 day simple moving average of $157.73 and a two-hundred day simple moving average of $147.46. The company has a market cap of $95.87 billion, a P/E ratio of 26.29, a PEG ratio of 2.35 and a beta of 1.23. 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 fifty-two week low of $122.64 and a fifty-two week high of $172.00.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.01. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. Research analysts forecast that Emerson Electric Co. will post 6.56 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be paid a $0.5950 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. 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. Emerson Electric's dividend payout ratio (DPR) is currently 48.58%.

Emerson Electric 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.