Canoe Financial LP Buys 299,368 Shares of Emerson Electric Co. $EMR

Canoe Financial LP raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 41.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,025,830 shares of the industrial products company's stock after buying an additional 299,368 shares during the period. Emerson Electric makes up approximately 2.0% of Canoe Financial LP's holdings, making the stock its 18th largest holding. Canoe Financial LP owned about 0.18% of Emerson Electric worth $162,666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ABS Investment Management LLC acquired a new position in Emerson Electric during the second quarter worth $858,900,000. Allied Private Wealth LLC acquired a new stake in Emerson Electric in the second quarter valued at $27,000. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the second quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Emerson Electric during the 2nd quarter worth $30,000. Finally, MidFirst Bank acquired a new position in shares of Emerson Electric during the 2nd quarter worth $31,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction 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 owned 271,743 shares of the company's stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

Emerson Electric stock opened at $163.25 on Thursday. The stock has a market capitalization of $91.43 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.20 and a beta of 1.21. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35. 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's 50-day moving average is $156.25 and its two-hundred day moving average is $147.55.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.03. The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company's revenue was up .0% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts predict that Emerson Electric Co. will post 6.56 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a dividend of $0.5550 per share. The ex-dividend date was Friday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. Emerson Electric's dividend payout ratio (DPR) is 48.58%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Sanford C. Bernstein boosted their price objective on shares of Emerson Electric from $169.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. DA Davidson upped their price target on shares of Emerson Electric from $145.00 to $155.00 and gave the company a "neutral" rating in a report on Monday, August 24th. KeyCorp lowered their price target on shares of Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Evercore dropped their price objective on shares of Emerson Electric from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Monday, August 31st. Finally, BNP Paribas Exane lifted their price objective on Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $172.17.

Emerson Electric Company Profile

Emerson Electric Co NYSE: EMR is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.

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