WealthPlan Investment Management LLC reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 23.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 22,420 shares of the industrial products company's stock after selling 6,759 shares during the period. WealthPlan Investment Management LLC's holdings in Emerson Electric were worth $3,477,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. ABS Investment Management LLC purchased a new position in shares of Emerson Electric in the second quarter worth about $858,900,000. Basso Capital Management L.P. purchased a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $25,000. Allied Private Wealth LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $27,000. Orion Capital Management LLC bought a new position in Emerson Electric in the 2nd quarter worth approximately $29,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Emerson Electric in the 2nd quarter worth approximately $30,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
EMR has been the topic of a number of analyst reports. Citigroup boosted their target price on shares of Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded Emerson Electric from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Mizuho lifted their price target on Emerson Electric from $173.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, BNP Paribas Exane boosted their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. One research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.75.
Check Out Our Latest Stock Analysis on Emerson Electric
Emerson Electric Price Performance
NYSE:EMR traded down $0.92 during mid-day trading on Thursday, hitting $160.16. 1,073,802 shares of the stock traded hands, compared to its average volume of 2,946,638. The business's 50-day moving average price is $156.13 and its 200 day moving average price is $146.39. 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 company has a market cap of $89.70 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) 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 business had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the prior year, the company posted $1.52 EPS. The business'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. On average, analysts expect that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were given a $0.5550 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. Emerson Electric's dividend payout ratio (DPR) is 48.58%.
Insider Transactions at Emerson Electric
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the business'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 completion of the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company's stock.
About Emerson Electric
(
Free Report)
Emerson Electric Co is a global technology and engineering company that provides products, software and services for industrial, commercial and residential applications. Its offerings help customers automate processes, measure and control operations, improve equipment performance, and manage complex industrial systems.
The company's portfolio includes process-control and automation systems, industrial software, measurement and analytical instruments, control valves, regulators, electrical equipment, and related services.
Further Reading
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