Biondo Investment Advisors LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 79,150 shares of the industrial products company's stock, valued at approximately $11,330,000.
Several other hedge funds also recently bought and sold shares of EMR. Rooted Wealth Advisors Inc. lifted its holdings in shares of Emerson Electric by 3.0% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company's stock valued at $291,000 after buying an additional 64 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Emerson Electric by 2.4% in 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 buying an additional 72 shares during the last quarter. Zhang Financial LLC increased its position in Emerson Electric by 2.7% during the fourth quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company's stock worth $384,000 after acquiring an additional 76 shares during the period. Root Financial Partners LLC raised its position 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. Finally, REAP Financial Group LLC lifted its position in shares of Emerson Electric by 4.4% in the 4th quarter. REAP Financial Group LLC now owns 1,892 shares of the industrial products company's stock worth $251,000 after acquiring an additional 79 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Emerson Electric
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 transaction of $1,562,431.50. Following the completion of the sale, the chief executive officer 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 legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Daiwa Securities Group cut their target price on Emerson Electric from $177.00 to $156.00 and set an "outperform" rating for the company in a research report on Friday, May 15th. Barclays boosted their target price on Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Rothschild & Co Redburn lifted their target price on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $169.00 to $179.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, May 7th. 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 company. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $166.96.
Check Out Our Latest Analysis on EMR
Emerson Electric Price Performance
Shares of EMR opened at $157.21 on Monday. The company's 50-day moving average is $148.04 and its 200-day moving average is $143.42. 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 firm has a market capitalization of $88.05 billion, a PE ratio of 34.40, a PEG ratio of 2.34 and a beta of 1.24. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35.
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 business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Emerson Electric's revenue 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. Equities analysts forecast that Emerson Electric Co. will post 6.55 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric's dividend payout ratio is currently 48.58%.
Emerson Electric Profile
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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.
See Also
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