Eastern Bank increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 382,359 shares of the industrial products company's stock after purchasing an additional 7,984 shares during the quarter. Eastern Bank owned approximately 0.07% of Emerson Electric worth $59,304,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Emerson Electric in the 2nd quarter valued at about $6,193,425,000. State Street Corp increased its stake in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company's stock valued at $3,962,177,000 after buying an additional 403,957 shares during the last quarter. Bank of America Corp DE boosted its position in 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 worth $2,612,780,000 after purchasing an additional 2,302,055 shares during the last quarter. Wells Fargo & Company MN grew its position in Emerson Electric by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 10,840,109 shares of the industrial products company's stock valued at $1,438,699,000 after buying an additional 134,049 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Emerson Electric by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company's stock worth $827,478,000 after purchasing an additional 117,513 shares during the period. Institutional investors own 74.30% of the company's stock.
Insiders Place Their Bets
In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. KeyCorp reduced their price target on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Morgan Stanley boosted their price target on shares of Emerson Electric from $125.00 to $135.00 and gave the company an "underweight" rating in a research report on Friday, August 28th. Wells Fargo & Company assumed coverage on shares of Emerson Electric in a research note on Friday, September 25th. They issued an "overweight" rating and a $177.00 price target for the company. Finally, Citigroup upped their price target on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $169.83.
Check Out Our Latest Analysis on Emerson Electric
Emerson Electric Price Performance
NYSE:EMR traded up $1.42 during trading hours on Monday, hitting $163.03. 708,518 shares of the stock traded hands, compared to its average volume of 2,962,981. The stock has a 50 day moving average price of $154.76 and a 200 day moving average price of $144.61. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $166.35. The company has a market cap of $91.32 billion, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.21. 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 announced its quarterly earnings results 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. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the previous year, the firm posted $1.52 EPS. Emerson Electric's revenue for the quarter was up .0% compared to the same quarter last year. 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. Sell-side analysts forecast that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.4%. Emerson Electric's dividend payout ratio is currently 48.58%.
About Emerson Electric
(
Free Report)
Emerson Electric Co is a global technology and engineering company that provides products, software and services for industrial, commercial and residential applications. Its offerings help customers automate processes, measure and control operations, improve equipment performance, and manage complex industrial systems.
The company's portfolio includes process-control and automation systems, industrial software, measurement and analytical instruments, control valves, regulators, electrical equipment, and related services.
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