Emerson Electric Co. $EMR Stock Position Decreased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management reduced its Emerson Electric stake by 74% in the third quarter, selling 700,035 shares and retaining 245,805 shares valued at approximately $38.1 million. Institutional investors and hedge funds collectively own 74.3% of EMR.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $171.75. Several firms raised their targets, including Royal Bank of Canada to $188, although Morgan Stanley maintained an “underweight” rating.
• Emerson exceeded quarterly expectations, reporting $1.71 in earnings per share versus the $1.68 consensus estimate and $4.87 billion in revenue. The company also maintains a quarterly dividend of $0.555 per share, equivalent to a 1.4% yield.

Assenagon Asset Management S.A. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 74.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,805 shares of the industrial products company's stock after selling 700,035 shares during the period. Assenagon Asset Management S.A.'s holdings in Emerson Electric were worth $38,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Emerson Electric during the second quarter worth $6,193,425,000. State Street Corp lifted its position 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 acquiring an additional 403,957 shares in 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 boosted 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 worth $827,478,000 after purchasing an additional 117,513 shares during the period. Finally, Legal & General Group Plc acquired a new position in Emerson Electric in the 2nd quarter worth $613,846,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 271,743 shares of the company's stock, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their target price on Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Stephens boosted their price target on Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Royal Bank Of Canada upped their price objective on Emerson Electric from $179.00 to $188.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Morgan Stanley increased their price objective on Emerson Electric from $125.00 to $135.00 and gave the stock an "underweight" rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $171.75.

Emerson Electric Stock Performance

Shares of EMR opened at $161.41 on Friday. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $166.35. The firm has a fifty day simple moving average of $156.30 and a 200 day simple moving average of $146.76. The stock has a market capitalization of $90.41 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.23 and a beta of 1.21. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the previous year, the business earned $1.52 EPS. The company's revenue 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 forecast that Emerson Electric Co. will post 6.56 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. Investors of record on Friday, August 14th were issued a dividend of $0.5550 per share. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, August 14th. Emerson Electric's dividend payout ratio is presently 48.58%.

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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