Huntington National Bank Has $122.33 Million Stock Position in Emerson Electric Co. $EMR

Key Points

• Huntington National Bank boosted its Emerson Electric stake by 1.2% in the fourth quarter, ending with 921,709 shares valued at about $122.33 million.
• Emerson Electric reported quarterly EPS of $1.54, slightly beating estimates, while revenue came in at $4.56 billion, a bit below expectations but up 2.9% year over year.
• The company also announced a quarterly dividend of $0.555 per share, and Wall Street currently has a consensus rating of Hold with a target price of $163.24.

Huntington National Bank increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 921,709 shares of the industrial products company's stock after purchasing an additional 11,347 shares during the quarter. Huntington National Bank owned approximately 0.16% of Emerson Electric worth $122,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Brighton Jones LLC increased its position in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Emerson Electric during the first quarter worth about $232,000. Caxton Associates LLP bought a new position in Emerson Electric during the first quarter worth about $275,000. Sivia Capital Partners LLC bought a new position in Emerson Electric during the second quarter worth about $203,000. Finally, Jump Financial LLC boosted its holdings in Emerson Electric by 121.5% during the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company's stock worth $1,406,000 after buying an additional 5,783 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of Emerson Electric stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the transaction, the chief executive officer owned 281,393 shares in the company, valued at $40,047,851.76. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EMR. BMO Capital Markets raised their target price on Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut Emerson Electric from a "buy" rating to a "hold" rating and set a $170.00 target price on the stock. in a report on Thursday, February 5th. Loop Capital raised their target price on Emerson Electric from $155.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. HSBC raised their target price on Emerson Electric from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Finally, Stephens raised their target price on Emerson Electric from $145.00 to $155.00 and gave the stock an "equal weight" rating in a report on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $163.24.

Emerson Electric Trading Down 0.9%

NYSE:EMR opened at $139.68 on Thursday. Emerson Electric Co. has a fifty-two week low of $117.16 and a fifty-two week high of $165.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. The stock has a market capitalization of $78.24 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 2.25 and a beta of 1.26. The business's 50-day simple moving average is $136.81 and its 200-day simple moving average is $139.46.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Emerson Electric had a return on equity of 17.18% and a net margin of 13.35%.The business had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.59 billion. During the same quarter in the previous year, the business posted $1.48 EPS. Emerson Electric's revenue for the quarter was up 2.9% on a year-over-year basis. Emerson Electric has set its FY 2026 guidance at 6.450-6.550 EPS and its Q3 2026 guidance at 1.650-1.700 EPS. Sell-side analysts expect that Emerson Electric Co. will post 6.49 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 15th. Emerson Electric's payout ratio is 51.27%.

Emerson Electric Company Profile

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.

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