Emerson Electric Co. $EMR Stock: Axxcess Wealth Management LLC Reduces Holdings

Key Points

• Axxcess Wealth Management cut its Emerson Electric stake by 77.3% in the third quarter, selling 30,327 shares and retaining 8,901 shares worth approximately $1.38 million.
• Emerson reported quarterly EPS of $1.71, exceeding analyst expectations of $1.68, while revenue reached $4.87 billion versus the $4.80 billion consensus estimate.
• The stock traded near $161.74, and analysts maintained a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $172.17. Emerson also pays a $2.22 annualized dividend, yielding about 1.4%.

Axxcess Wealth Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 77.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,901 shares of the industrial products company's stock after selling 30,327 shares during the quarter. Axxcess Wealth Management LLC's holdings in Emerson Electric were worth $1,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Emerson Electric in the 2nd quarter valued at $6,193,425,000. State Street Corp raised its holdings in shares of 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 worth $3,962,177,000 after acquiring an additional 403,957 shares during the last quarter. Bank of America Corp DE lifted 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 valued at $2,612,780,000 after acquiring an additional 2,302,055 shares in the last quarter. Bank of New York Mellon Corp lifted its position 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 in the last quarter. Finally, Legal & General Group Plc acquired a new position in Emerson Electric during the 2nd quarter valued at about $613,846,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $161.74 on Friday. 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 stock has a market cap of $90.59 billion, a PE ratio of 25.32, a PEG ratio of 2.20 and a beta of 1.21. The company's fifty day moving average is $156.14 and its 200 day moving average is $147.85. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $166.35.

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. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The firm had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same period last year, the firm earned $1.52 earnings per share. The company'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. Research analysts anticipate that Emerson Electric Co. will post 6.56 earnings per share for the current year.

Emerson Electric Dividend Announcement

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 $0.5550 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric's payout ratio is 48.58%.

Insider Transactions at Emerson Electric

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 completion of the sale, the chief executive officer directly owned 271,743 shares of the company's stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen raised their target price on Emerson Electric from $150.00 to $170.00 and gave the company a "hold" rating in a report on Friday, September 25th. BNP Paribas Exane upped their price target on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Weiss Ratings upgraded Emerson Electric from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Evercore reduced their target price on shares of Emerson Electric from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $172.17.

Emerson Electric Profile

Emerson Electric Co NYSE: EMR is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.

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