89,983 Shares in Emerson Electric Co. $EMR Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 89,983 shares of the industrial products company's stock, valued at approximately $12,881,000.

Several other hedge funds also recently modified their holdings of EMR. Vanguard Group Inc. grew its stake in Emerson Electric by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company's stock worth $7,287,546,000 after acquiring an additional 578,242 shares during the period. BlackRock Inc. purchased a new position in shares of Emerson Electric during the 2nd quarter worth $6,193,425,000. State Street Corp boosted its holdings in shares of Emerson Electric by 2.0% during the fourth quarter. State Street Corp now owns 27,483,440 shares of the industrial products company's stock worth $3,647,602,000 after purchasing an additional 541,887 shares during the last quarter. Bank of America Corp DE grew its position in shares of Emerson Electric by 13.1% in the first 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 purchasing an additional 2,302,055 shares during the period. Finally, Geode Capital Management LLC increased its stake in Emerson Electric by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company's stock valued at $1,628,638,000 after purchasing an additional 76,488 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. BNP Paribas Exane lifted their price target on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. BMO Capital Markets increased their price objective on shares of Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Rothschild & Co Redburn boosted their target price on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Sanford C. Bernstein upped their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Finally, Daiwa Securities Group decreased their price target on shares of Emerson Electric from $177.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday, May 15th. 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. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $166.96.

Emerson Electric Trading Down 1.7%

Shares of EMR stock opened at $154.93 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. The firm's 50 day moving average price is $147.76 and its two-hundred day moving average price is $143.36. The stock has a market cap of $86.78 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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 firm had revenue of $4.87 billion during the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm'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. On average, analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current year.

Emerson Electric Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric's payout ratio is 48.58%.

About Emerson Electric

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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