Longfellow Investment Management Co. LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,045 shares of the industrial products company's stock, valued at approximately $1,867,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RW Investment Management LLC purchased a new stake in Emerson Electric in the second quarter valued at $293,000. N.E.W. Advisory Services LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at about $34,000. HBK Sorce Advisory LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at about $1,645,000. Abbot Financial Management Inc. purchased a new stake in shares of Emerson Electric in the second quarter worth about $2,534,000. Finally, Northstar Financial Companies Inc. acquired a new stake in Emerson Electric during the second quarter worth about $368,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were 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 represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.
Emerson Electric Stock Down 0.1%
Emerson Electric stock opened at $163.07 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The stock has a market capitalization of $91.33 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. The business has a 50 day simple moving average of $146.32 and a 200-day simple moving average of $143.09. 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 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. The firm had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.80 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% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a $0.555 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. Emerson Electric's dividend payout ratio (DPR) is 48.58%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Daiwa Securities Group decreased their price target on Emerson Electric from $177.00 to $156.00 and set an "outperform" rating for the company in a report on Friday, May 15th. Rothschild & Co Redburn lifted their target price on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the company an "equal weight" rating in a research report on Thursday, May 7th. Finally, DA Davidson initiated coverage on shares of Emerson Electric in a research report on Tuesday, June 16th. They issued a "neutral" rating and a $145.00 price objective for the company. Thirteen equities 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.96.
Read Our Latest Report on EMR
Emerson Electric Profile
(
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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