Emerson Electric Co. $EMR Shares Acquired by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Emerson Electric stake by 48.6% in the third quarter, bringing its holdings to 24,224 shares valued at approximately $3.76 million. Institutional investors collectively own 74.3% of EMR stock.
• Analysts maintain a generally positive outlook, with Emerson receiving a consensus “Moderate Buy” rating and an average price target of $171.39. Recent targets range from $135 to $185.
• Emerson beat quarterly earnings and revenue expectations, reporting $1.71 in EPS on $4.87 billion in revenue. The company also declared a quarterly dividend of $0.555 per share, equivalent to a 1.4% annualized yield.

First Citizens Bank & Trust Co. grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 48.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,224 shares of the industrial products company's stock after acquiring an additional 7,927 shares during the period. First Citizens Bank & Trust Co.'s holdings in Emerson Electric were worth $3,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Emerson Electric in the second quarter valued at approximately $6,193,425,000. State Street Corp raised its stake in shares of Emerson Electric by 1.5% during the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company's stock worth $3,962,177,000 after buying an additional 403,957 shares during the period. Bank of America Corp DE lifted its position in shares of Emerson Electric by 13.1% during the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its stake in 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 valued at $827,478,000 after acquiring an additional 117,513 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Emerson Electric in the 2nd quarter valued at $613,846,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EMR shares. KeyCorp decreased their price objective on shares of 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 target price on shares of Emerson Electric from $125.00 to $135.00 and gave the stock an "underweight" rating in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. BNP Paribas Exane upped their price target on shares of Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. Finally, BMO Capital Markets raised their price target on shares of Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.39.

Insider Buying and Selling at Emerson Electric

In related 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

Emerson Electric Trading Down 1.6%

Shares of NYSE EMR opened at $160.97 on Thursday. The stock has a fifty day simple moving average of $156.13 and a 200-day simple moving average of $146.39. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $90.16 billion, a PE ratio of 35.22, a PEG ratio of 2.26 and a beta of 1.21.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company posted $1.52 earnings per share. The business'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. On average, equities analysts forecast that Emerson Electric Co. will post 6.55 earnings per share for the current year.

Emerson Electric Announces Dividend

The business 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 $0.5550 per share. The ex-dividend date of this dividend 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 currently 48.58%.

About Emerson Electric

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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