Connor Clark & Lunn Investment Management Ltd. Takes Position in Emerson Electric Co. $EMR

Key Points

• Connor Clark & Lunn Investment Management purchased 112,006 shares of Emerson Electric worth approximately $16.0 million during the second quarter. Institutional investors collectively own 74.3% of EMR.
• Analysts maintain a “Moderate Buy” consensus, with a $167.39 average price target; several firms recently raised their targets to between $175 and $186.
• Emerson exceeded quarterly expectations with $1.71 EPS on $4.87 billion in revenue and declared a quarterly dividend of $0.555, or $2.22 annualized, yielding about 1.4%.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 112,006 shares of the industrial products company's stock, valued at approximately $16,034,000.

A number of other hedge funds have also bought and sold shares of EMR. BlackRock Inc. bought a new position in shares of Emerson Electric during the second quarter worth approximately $6,193,425,000. State Street Corp raised its position in shares of Emerson Electric by 2.0% in the fourth quarter. State Street Corp now owns 27,483,440 shares of the industrial products company's stock valued at $3,647,602,000 after buying an additional 541,887 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Emerson Electric by 13.1% in the first 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 buying an additional 2,302,055 shares during the period. Geode Capital Management LLC grew its position in Emerson Electric by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company's stock worth $1,628,638,000 after buying an additional 76,488 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Emerson Electric by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 10,840,109 shares of the industrial products company's stock worth $1,438,699,000 after acquiring an additional 134,049 shares during the period. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Royal Bank Of Canada lifted their price objective on Emerson Electric from $169.00 to $179.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. BMO Capital Markets raised their price target on Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Citigroup boosted their price target on Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Barclays upped their price objective on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein raised their target price on shares of Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.39.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca 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 directly owned 271,743 shares of the company's stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company's stock.

Emerson Electric Trading Down 1.6%

Shares of EMR opened at $154.97 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35. The firm has a market cap of $86.80 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.34 and a beta of 1.24. The business's fifty day moving average is $148.38 and its 200-day moving average is $143.44.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the company earned $1.52 EPS. Emerson Electric's revenue for the quarter 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. Equities analysts anticipate that Emerson Electric Co. will post 6.56 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared 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 is Friday, August 14th. Emerson Electric's dividend payout ratio (DPR) is presently 48.58%.

About Emerson Electric

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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