Benjamin Edwards Inc. boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 158.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,021 shares of the industrial products company's stock after buying an additional 66,204 shares during the quarter. Benjamin Edwards Inc.'s holdings in Emerson Electric were worth $15,464,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Emerson Electric by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company's stock worth $7,287,546,000 after purchasing an additional 578,242 shares in the last quarter. State Street Corp grew its stake in shares of Emerson Electric by 2.0% in the 4th 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 increased its holdings 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 buying an additional 2,302,055 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $1,628,638,000 after acquiring an additional 76,488 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Emerson Electric by 1.3% in 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 acquiring an additional 134,049 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on EMR shares. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $169.00 to $179.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Sanford C. Bernstein lifted their price objective on shares of Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday. HSBC upped their price objective on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. JPMorgan Chase & Co. upgraded Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 target price on the stock in a report on Friday, July 17th. Finally, KeyCorp decreased their price target on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Thirteen 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $166.96.
Get Our Latest Stock Report on EMR
Insider Buying and Selling 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 stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, 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 transaction 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 company insiders.
Emerson Electric Stock Performance
NYSE:EMR opened at $163.07 on Friday. 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 $91.33 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. The firm has a 50 day moving average of $146.32 and a 200-day moving average of $143.14. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $166.35.
Emerson Electric (NYSE:EMR - Get Free Report) last posted 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 net margin of 13.83% and a return on equity of 17.58%. The firm had revenue of $4.87 billion during the quarter, compared to analysts' expectations of $4.80 billion. During the same quarter in the previous year, the company posted $1.52 EPS. Emerson Electric's revenue 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. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. Emerson Electric's payout ratio is presently 48.58%.
About Emerson Electric
(
Free Report)
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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