Danske Bank A S Acquires New Shares in Emerson Electric Co. $EMR

Danske Bank A S bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 327,106 shares of the industrial products company's stock, valued at approximately $46,825,000. Danske Bank A S owned about 0.06% of Emerson Electric at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EMR. BlackRock Inc. bought a new stake in Emerson Electric in the 2nd quarter worth about $6,193,425,000. Norges Bank bought a new position in Emerson Electric during the fourth quarter valued at approximately $1,050,040,000. Bank of New York Mellon Corp bought a new stake in Emerson Electric in the 2nd quarter worth approximately $659,000,000. Bank of America Corp DE grew its position in 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 worth $2,612,780,000 after purchasing an additional 2,302,055 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Emerson Electric during the 2nd quarter valued at $211,212,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.1%

NYSE EMR opened at $157.60 on Thursday. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $166.35. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $88.27 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The stock's 50-day moving average price is $147.50 and its 200-day moving average price is $143.31.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities research analysts predict that Emerson Electric Co. will post 6.55 earnings per share 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. 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 is 48.58%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup lifted their price objective on Emerson Electric from $174.00 to $182.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Stephens upped their price target on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. Rothschild & Co Redburn increased their price objective on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 target price for the company in a research report on Friday, July 17th. Finally, HSBC upped their target price on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $166.96.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm's stock in a transaction 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 in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Emerson Electric Profile

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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