Ally Financial Inc. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,000 shares of the industrial products company's stock, valued at approximately $1,145,000.
A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $6,193,425,000. Norges Bank purchased a new position in Emerson Electric during the fourth quarter worth $1,050,040,000. Bank of New York Mellon Corp purchased a new position in Emerson Electric during the second quarter worth $659,000,000. Bank of America Corp DE increased its position in Emerson Electric by 13.1% during 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 acquiring an additional 2,302,055 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Emerson Electric in the second quarter valued at $211,212,000. 74.30% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. DA Davidson initiated coverage on shares of Emerson Electric in a research report on Tuesday, June 16th. They issued a "neutral" rating and a $145.00 price objective on the stock. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Citigroup boosted their target price on Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, KeyCorp reduced their price target on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $166.96.
Check Out Our Latest Stock Report on EMR
Emerson Electric Stock Performance
Shares of NYSE:EMR opened at $157.21 on Monday. The firm's 50 day simple moving average is $148.04 and its 200-day simple moving average is $143.42. 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 one year low of $122.64 and a one year high of $166.35. The firm has a market cap of $88.05 billion, a PE ratio of 34.40, 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.03. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.Emerson Electric's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. 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 predict that Emerson Electric Co. will post 6.55 EPS for the current year.
Emerson Electric Announces Dividend
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 given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric's dividend payout ratio is presently 48.58%.
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company's stock in a transaction dated 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 directly owned 271,743 shares of the company's stock, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company's stock.
About Emerson Electric
(
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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