Emerson Electric Co. $EMR Stake Increased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Emerson Electric stake by 2.6% in the second quarter, bringing its holdings to 1.74 million shares valued at approximately $248.7 million. Institutional investors collectively own 74.3% of the company.
• Analyst sentiment is favorable, with a “Moderate Buy” consensus from 24 analysts and an average price target of $167.83. JPMorgan upgraded the stock to overweight, while several firms raised their targets.
• Emerson reported quarterly EPS of $1.71, topping estimates of $1.68, on revenue of $4.87 billion. The company also declared a quarterly dividend of $0.555 per share, equal to a 1.4% annualized yield.

Envestnet Asset Management Inc. boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,737,140 shares of the industrial products company's stock after purchasing an additional 44,613 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Emerson Electric worth $248,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ABS Investment Management LLC bought a new stake in shares of Emerson Electric during the second quarter worth $858,900,000. Basso Capital Management L.P. purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $25,000. Allied Private Wealth LLC bought a new position in shares of Emerson Electric in the second quarter worth about $27,000. Orion Capital Management LLC purchased a new position in Emerson Electric in the 2nd quarter worth about $29,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in Emerson Electric during the 2nd quarter valued at about $30,000. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 target price on the stock in a research note on Friday, July 17th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Emerson Electric in a research note on Friday, July 31st. HSBC boosted their price target on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Stephens increased their price objective on Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Finally, Evercore decreased their target price on Emerson Electric from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Monday, August 31st. Thirteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $167.83.

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 stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the sale, the chief executive officer owned 271,743 shares of the company's stock, 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 through this link. 0.23% of the stock is owned by company insiders.

Emerson Electric Trading Up 0.9%

NYSE:EMR opened at $155.99 on Friday. The firm has a 50-day simple moving average of $152.70 and a 200-day simple moving average of $143.68. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35. The firm has a market cap of $87.37 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.31 and a beta of 1.24. 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 (NYSE:EMR - Get Free Report) last released 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 firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $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 anticipate that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were given a $0.5550 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. Emerson Electric's payout ratio is presently 48.58%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that provides automation, control and software solutions for industrial customers. Its offerings help organizations monitor, manage and optimize operations, improve safety and reliability, and reduce energy use and emissions across complex facilities and production environments.

The company's portfolio includes process control systems, industrial software, measurement and analytical instruments, control valves, regulators, industrial computers and related automation technologies.

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