Bank of America Corp DE Acquires Shares of 18,366,373 Emerson Electric Co. $EMR

Bank of America Corp DE acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,366,373 shares of the industrial products company's stock, valued at approximately $2,629,146,000. Bank of America Corp DE owned approximately 3.28% of Emerson Electric as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Emerson Electric in the second quarter valued at approximately $6,193,425,000. State Street Corp grew its position in shares of Emerson Electric by 2.0% in the fourth quarter. State Street Corp now owns 27,483,440 shares of the industrial products company's stock valued at $3,647,602,000 after purchasing an additional 541,887 shares during the period. Geode Capital Management LLC lifted its holdings in Emerson Electric by 0.6% in the 4th 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 in the last quarter. Wells Fargo & Company MN lifted its stake in Emerson Electric by 1.3% in the 4th quarter. Wells Fargo & Company MN now owns 10,840,109 shares of the industrial products company's stock worth $1,438,699,000 after purchasing an additional 134,049 shares in the last quarter. Finally, Norges Bank purchased a new position in Emerson Electric during the fourth quarter worth approximately $1,050,040,000. Institutional investors own 74.30% of the company's stock.

Insider Activity

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated 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 sale, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company's stock.

Emerson Electric Trading Down 2.5%

Emerson Electric stock opened at $148.40 on Tuesday. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $166.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The firm has a market capitalization of $83.12 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 2.28 and a beta of 1.24. The company has a 50 day moving average price of $150.52 and a 200 day moving average price of $143.47.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business's quarterly revenue 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. Research analysts forecast that Emerson Electric Co. will post 6.55 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 14th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. Emerson Electric's payout ratio is 48.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EMR. Rothschild & Co Redburn upped their price objective on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Citigroup upped their price target on Emerson Electric from $174.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Emerson Electric from $169.00 to $179.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Morgan Stanley upped their target price on shares of Emerson Electric from $125.00 to $135.00 and gave the company an "underweight" rating in a report on Friday, August 28th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Thirteen 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $167.83.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that provides automation, control and software solutions for industrial customers. Its offerings help organizations monitor, manage and optimize operations, improve safety and reliability, and reduce energy use and emissions across complex facilities and production environments.

The company's portfolio includes process control systems, industrial software, measurement and analytical instruments, control valves, regulators, industrial computers and related automation technologies.

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