BIP Wealth LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,632 shares of the industrial products company's stock, valued at approximately $1,522,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Emerson Electric during the 4th quarter worth approximately $1,050,040,000. Bank of America Corp DE raised its holdings in shares of Emerson Electric by 13.1% in the 1st 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 purchasing an additional 2,302,055 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Emerson Electric by 95.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,207,707 shares of the industrial products company's stock worth $289,262,000 after purchasing an additional 1,079,665 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Emerson Electric by 17.8% during the fourth quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company's stock worth $822,618,000 after purchasing an additional 938,051 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Emerson Electric by 14.8% during the fourth quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company's stock worth $954,405,000 after purchasing an additional 928,548 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on EMR shares. KeyCorp cut their price target on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. raised Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 price objective for the company in a research report on Friday, July 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of Emerson Electric in a research report on Friday, July 31st. BNP Paribas Exane upped their price target on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Finally, Rothschild & Co Redburn increased their price target on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given 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 target price of $166.96.
Check Out Our Latest Stock Report on EMR
Emerson Electric Stock Performance
Shares of Emerson Electric stock opened at $163.07 on Friday. The firm's fifty day simple moving average is $146.32 and its 200-day simple moving average is $143.14. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $166.35. The stock has a market capitalization of $91.33 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.43 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 issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.03. The company 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%. Emerson Electric's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. 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 forecast that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued 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 (DPR) is currently 48.58%.
Insider Transactions at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business's stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.
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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