60,346 Shares in Emerson Electric Co. $EMR Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 60,346 shares of the industrial products company's stock, valued at approximately $8,639,000.

Several other large investors have also added to or reduced their stakes in EMR. Basso Capital Management L.P. bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $25,000. Allied Private Wealth LLC bought a new position in shares of Emerson Electric in the second quarter worth approximately $27,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new stake in Emerson Electric during the fourth quarter valued at approximately $27,000. Finally, MidFirst Bank bought a new position in shares of Emerson Electric in the 2nd quarter worth $31,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. Barclays upped their price objective on Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 6th. DA Davidson upped their target price on Emerson Electric from $145.00 to $155.00 and gave the stock a "neutral" rating in a research note on Monday. KeyCorp reduced their price target on shares of Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Daiwa Securities Group cut their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an "outperform" rating for the company in a research note on Friday, May 15th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Emerson Electric in a research note on Friday, July 31st. Thirteen equities 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $167.39.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated 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 transaction, the chief executive officer directly owned 271,743 shares of the company's stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Emerson Electric Trading Up 0.2%

Shares of EMR opened at $157.56 on Tuesday. The firm's 50-day moving average price is $148.26 and its 200-day moving average price is $143.46. The firm has a market capitalization of $88.25 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.34 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the previous year, the firm posted $1.52 EPS. The business's 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. Sell-side analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a $0.555 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. Emerson Electric's dividend payout ratio is 48.58%.

Emerson Electric Company Profile

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.

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