Kingsview Wealth Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,957 shares of the industrial products company's stock, valued at approximately $3,859,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Brighton Jones LLC boosted its position in shares of Emerson Electric by 74.1% during the 4th 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Emerson Electric in the first quarter valued at approximately $232,000. Caxton Associates LLP acquired a new position in shares of Emerson Electric during the first quarter worth approximately $275,000. Sivia Capital Partners LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at $203,000. Finally, Jump Financial LLC lifted its stake in shares of Emerson Electric by 121.5% in the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company's stock valued at $1,406,000 after buying an additional 5,783 shares in the last quarter. 74.30% of the stock is owned by institutional investors.
Emerson Electric Stock Down 1.5%
Shares of NYSE:EMR opened at $155.37 on Friday. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $166.35. The company has a market capitalization of $87.02 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The business has a fifty day moving average price of $148.79 and a two-hundred day moving average price of $143.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66.
Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. 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. Analysts forecast that Emerson Electric Co. will post 6.54 earnings per share for the current year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric's payout ratio is presently 48.58%.
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of Emerson Electric 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 sale, the chief executive officer owned 271,743 shares of the company's stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by insiders.
Analysts Set New Price Targets
EMR has been the subject of a number of recent research reports. BNP Paribas Exane boosted their price objective on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. HSBC upped their target price on shares of Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. Sanford C. Bernstein raised their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Rothschild & Co Redburn upped their price objective on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $167.83.
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Emerson Electric Profile
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Free Report)
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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