Dearborn Partners LLC acquired 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 13F filing with the Securities and Exchange Commission. The firm acquired 8,501 shares of the industrial products company's stock, valued at approximately $1,114,000.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Emerson Electric in the second quarter worth $6,193,425,000. Norges Bank bought a new stake in Emerson Electric during the fourth quarter worth about $1,050,040,000. Bank of New York Mellon Corp acquired a new stake in Emerson Electric during the second quarter worth about $659,000,000. Bank of America Corp DE increased its holdings in Emerson Electric by 13.1% in the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company's stock valued at $2,612,780,000 after buying an additional 2,302,055 shares during the period. Finally, Deutsche Bank AG bought a new position in Emerson Electric in the 2nd quarter valued at about $211,212,000. 74.30% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm's stock in a transaction on 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 sale, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages have recently weighed in on EMR. DA Davidson upped their price target on shares of Emerson Electric from $145.00 to $155.00 and gave the stock a "neutral" rating in a report on Monday. Rothschild & Co Redburn lifted their price objective on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. BNP Paribas Exane upped their target price on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Daiwa Securities Group reduced their target price on Emerson Electric from $177.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday, May 15th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Emerson Electric in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $167.39.
View Our Latest Research Report on EMR
Emerson Electric Trading Up 0.2%
Shares of Emerson Electric stock opened at $157.56 on Tuesday. The firm has a market capitalization of $88.25 billion, a PE ratio of 34.48, a price-to-earnings-growth 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. The firm's 50 day moving average is $148.26 and its 200 day moving average is $143.46. 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 issued 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 business had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm's revenue 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. Equities research analysts forecast that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
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 paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric's dividend payout ratio is presently 48.58%.
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.
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