Everett Harris & Co. CA Makes New $5.16 Million Investment in Emerson Electric Co. $EMR

Key Points

• Everett Harris & Co. CA acquired 36,017 shares of Emerson Electric worth approximately $5.16 million in the second quarter. Institutional investors own 74.30% of the company, while the CEO recently sold shares worth about $1.56 million.
• Analysts maintain a generally positive outlook, with 13 Buy, 10 Hold and one Sell rating. Emerson has a “Moderate Buy” consensus rating and an average price target of $166.96.
• Emerson beat quarterly earnings and revenue expectations, reporting $1.71 in EPS on $4.87 billion in revenue. The company also declared a quarterly dividend of $0.555 per share, equivalent to a 1.4% annual yield.

Everett Harris & Co. CA bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 36,017 shares of the industrial products company's stock, valued at approximately $5,156,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Basso Capital Management L.P. purchased a new position in Emerson Electric during the fourth quarter valued at $25,000. Allied Private Wealth LLC purchased a new stake in shares of Emerson Electric in the second quarter worth $27,000. IFC & Insurance Marketing Inc. bought a new position in shares of Emerson Electric during the fourth quarter valued at $27,000. Motiv8 Investments LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $27,000. Finally, Darwin Wealth Management LLC bought a new position in Emerson Electric in the 2nd quarter worth about $29,000. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EMR. DA Davidson began coverage on shares of Emerson Electric in a research note on Tuesday, June 16th. They set a "neutral" rating and a $145.00 price objective for the company. Stephens increased their price target on shares of Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. Barclays raised their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. KeyCorp lowered their price objective on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, Daiwa Securities Group cut their target price on Emerson Electric from $177.00 to $156.00 and set an "outperform" rating on the stock in a research note on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $166.96.

Emerson Electric Stock Down 0.7%

EMR stock opened at $163.07 on Friday. The company has a market cap of $91.33 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The business's 50-day moving average is $146.32 and its two-hundred day moving average is $143.14. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the previous year, the company posted $1.52 EPS. The business's quarterly 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. As a group, analysts forecast that Emerson Electric Co. will post 6.55 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric's payout ratio is 48.58%.

About Emerson Electric

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source