Emerson Electric Co. $EMR Stock: Waycross Partners LLC Increases Stake

Key Points

• Waycross Partners increased its Emerson Electric stake by 13.7% in the third quarter, adding 24,931 shares to bring its holdings to 206,426 shares, valued at about $32 million.
• Emerson beat quarterly earnings and revenue expectations, reporting EPS of $1.86 versus a $1.85 consensus and revenue of $5.20 billion versus $5.11 billion expected.
• The company raised its quarterly dividend from $0.555 to $0.595 per share, equivalent to an annualized $2.38 and a 1.5% yield. Analysts’ consensus rating was “Moderate Buy,” with a $175.38 average price target.

Waycross Partners LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,426 shares of the industrial products company's stock after purchasing an additional 24,931 shares during the period. Emerson Electric accounts for approximately 2.5% of Waycross Partners LLC's portfolio, making the stock its 18th biggest holding. Waycross Partners LLC's holdings in Emerson Electric were worth $32,017,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its position in shares of Emerson Electric by 21.0% in the third quarter. Raleigh Capital Management Inc. now owns 363 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 63 shares during the period. SeaCrest Wealth Management LLC increased its position in Emerson Electric by 1.1% during the third quarter. SeaCrest Wealth Management LLC now owns 5,828 shares of the industrial products company's stock worth $904,000 after acquiring an additional 64 shares during the period. TOWER TRUST & INVESTMENT Co raised its stake in Emerson Electric by 0.8% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company's stock valued at $1,278,000 after purchasing an additional 66 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its stake in Emerson Electric by 0.6% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 12,044 shares of the industrial products company's stock valued at $1,868,000 after purchasing an additional 67 shares during the last quarter. Finally, Raiffeisen Bank International AG boosted its holdings in Emerson Electric by 0.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 14,777 shares of the industrial products company's stock valued at $2,110,000 after purchasing an additional 68 shares during the period. Institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm's 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $0.33 during midday trading on Friday, reaching $162.28. 2,646,960 shares of the company's stock were exchanged, compared to its average volume of 2,874,288. The company's 50 day simple moving average is $157.91 and its two-hundred day simple moving average is $147.61. The firm has a market capitalization of $90.89 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $172.00. 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 posted its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.01. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.11 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. Equities research analysts expect that Emerson Electric Co. will post 7.21 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a $0.5950 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 13th. This is a boost from Emerson Electric's previous quarterly dividend of $0.5550. Emerson Electric's payout ratio is currently 46.44%.

More Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. KeyCorp boosted their price objective on shares of Emerson Electric from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday. BMO Capital Markets upgraded shares of Emerson Electric from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 1st. Mizuho lifted their target price on Emerson Electric from $173.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, October 15th. HSBC upped their price target on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Finally, Evercore reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.38.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

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