Bank of New York Mellon Corp Invests $659 Million in Emerson Electric Co. $EMR

Key Points

• Bank of New York Mellon acquired 4.6 million Emerson Electric shares worth approximately $659 million, representing about 0.82% of the company. Institutional investors collectively own 74.3% of EMR.
• Emerson exceeded quarterly expectations with $1.71 in EPS versus the $1.68 consensus and revenue of $4.87 billion. The company projects fiscal 2026 EPS of $6.55.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $166.96, while Emerson declared a quarterly dividend of $0.555 per share, yielding approximately 1.4% annually.

Bank of New York Mellon Corp purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,603,565 shares of the industrial products company's stock, valued at approximately $659,000,000. Bank of New York Mellon Corp owned about 0.82% of Emerson Electric as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of EMR. Rooted Wealth Advisors Inc. boosted its stake in Emerson Electric by 3.0% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company's stock worth $291,000 after purchasing an additional 64 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Emerson Electric by 2.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company's stock valued at $411,000 after purchasing an additional 72 shares in the last quarter. Zhang Financial LLC raised its holdings in shares of Emerson Electric by 2.7% in the fourth quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company's stock worth $384,000 after buying an additional 76 shares during the last quarter. Klingman & Associates LLC lifted its stake in shares of Emerson Electric by 1.4% during the fourth quarter. Klingman & Associates LLC now owns 5,680 shares of the industrial products company's stock worth $754,000 after buying an additional 78 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of Emerson Electric by 3.6% during the fourth quarter. Root Financial Partners LLC now owns 2,227 shares of the industrial products company's stock valued at $296,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 1.7%

Shares of NYSE:EMR opened at $154.93 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35. The business has a 50 day moving average of $147.76 and a two-hundred day moving average of $143.36. The company has a market capitalization of $86.78 billion, a PE ratio of 33.90, a PEG ratio of 2.34 and a beta of 1.24.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business earned $1.52 earnings per share. 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. As a group, 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 will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid 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 currently 48.58%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EMR. BNP Paribas Exane boosted their price target on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. KeyCorp dropped their target price on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Citigroup increased their price target on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upgraded shares of Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 price objective for the company in a research note on Friday, July 17th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $166.96.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business's 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 completion of the sale, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company's stock.

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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