B. Metzler seel. Sohn & Co. AG cut its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 11.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,492 shares of the industrial products company's stock after selling 8,821 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Emerson Electric were worth $9,948,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Emerson Electric in the 2nd quarter worth $6,193,425,000. Bank of America Corp DE acquired a new position in Emerson Electric during the 2nd quarter valued at about $2,629,146,000. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter valued at about $1,050,040,000. Bank of New York Mellon Corp acquired a new stake in Emerson Electric in the second quarter worth about $659,000,000. Finally, Legal & General Group Plc purchased a new stake in shares of Emerson Electric during the second quarter worth about $613,846,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer directly owned 271,743 shares of the company's stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.
Emerson Electric Trading Up 0.9%
Shares of EMR stock opened at $149.02 on Thursday. The stock has a 50 day simple moving average of $149.07 and a 200-day simple moving average of $143.37. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. The company has a market cap of $83.47 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66.
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, topping analysts' consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to analysts' expectations of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities research analysts expect that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently announced 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 1.5%. The ex-dividend date is Friday, August 14th. Emerson Electric's dividend payout ratio (DPR) is 48.58%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Barclays upped their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $169.00 to $179.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Rothschild & Co Redburn upped their target price on Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. HSBC lifted their price target on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Finally, Citigroup increased their price objective on Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Thirteen research 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. According to data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $167.83.
Get Our Latest Analysis on EMR
Emerson Electric Profile
(
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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