Emerson Electric Co. $EMR Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 829,612 shares of the industrial products company's stock after selling 13,881 shares during the quarter. California State Teachers Retirement System owned 0.15% of Emerson Electric worth $118,758,958 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EMR. Ameritas Advisory Services LLC grew its position in shares of Emerson Electric by 431.3% during the second quarter. Ameritas Advisory Services LLC now owns 16,204 shares of the industrial products company's stock worth $2,320,000 after acquiring an additional 13,154 shares during the last quarter. Wedmont Private Capital increased its stake in Emerson Electric by 5.2% in the second quarter. Wedmont Private Capital now owns 7,369 shares of the industrial products company's stock valued at $1,023,000 after purchasing an additional 367 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Emerson Electric by 0.4% during the 2nd quarter. HB Wealth Management LLC now owns 30,002 shares of the industrial products company's stock worth $4,295,000 after purchasing an additional 130 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its stake in Emerson Electric by 4.3% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 4,244 shares of the industrial products company's stock worth $608,000 after purchasing an additional 175 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its holdings in Emerson Electric by 9.3% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,755 shares of the industrial products company's stock worth $538,000 after purchasing an additional 319 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.6%

EMR traded down $0.86 during midday trading on Tuesday, hitting $147.44. 706,352 shares of the company were exchanged, compared to its average volume of 2,989,666. The firm's 50 day moving average price is $150.52 and its 200-day moving average price is $143.47. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. The firm has a market capitalization of $82.58 billion, a P/E ratio of 32.24, a P/E/G ratio of 2.28 and a beta of 1.24. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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 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%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, equities analysts forecast that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were issued a dividend of $0.555 per share. 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 dividend payout ratio is currently 48.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 note on Friday, July 17th. Rothschild & Co Redburn increased their price objective on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Royal Bank Of Canada upped 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. Stephens raised their price target on Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Thirteen equities research 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.83.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction that occurred on 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 owned 271,743 shares in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

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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