Allworth Financial LP Acquires New Shares in Emerson Electric Co. $EMR

Key Points

• Allworth Financial acquired 24,557 Emerson Electric shares worth approximately $3.5 million during the second quarter. Institutional investors collectively own 74.3% of the company.
• Analysts maintain a “Moderate Buy” consensus on EMR, with 13 Buy, 10 Hold and one Sell rating, alongside an average price target of $166.96.
• Emerson exceeded quarterly expectations with adjusted EPS of $1.71 versus $1.68 expected and revenue of $4.87 billion versus $4.80 billion forecast. The company also declared a quarterly dividend of $0.555 per share, representing a 1.4% yield.

Allworth Financial LP purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,557 shares of the industrial products company's stock, valued at approximately $3,515,000.

Several other hedge funds also recently bought and sold shares of EMR. Brighton Jones LLC increased its position in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Emerson Electric during the first quarter worth about $232,000. Caxton Associates LLP purchased a new position in shares of Emerson Electric in the 1st quarter worth about $275,000. Sivia Capital Partners LLC bought a new position in shares of Emerson Electric during the 2nd quarter valued at about $203,000. Finally, Jump Financial LLC raised its holdings in shares of Emerson Electric by 121.5% during the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company's stock valued at $1,406,000 after buying an additional 5,783 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

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 transaction of $1,562,431.50. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. Sanford C. Bernstein upped their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Wells Fargo & Company raised their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 7th. Citigroup upped their price target on shares of Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 price objective on the stock in a research report on Friday, July 17th. Finally, Daiwa Securities Group decreased their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an "outperform" rating for the company in a report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.96.

Emerson Electric Trading Up 1.6%

Shares of Emerson Electric stock opened at $157.21 on Friday. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. The company's fifty day simple moving average is $148.04 and its 200-day simple moving average is $143.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The stock has a market capitalization of $88.05 billion, a PE ratio of 34.40, a P/E/G ratio of 2.30 and a beta of 1.24.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a $0.555 dividend. 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 presently 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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