Northcape Wealth Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,720 shares of the industrial products company's stock, valued at approximately $5,256,000. Emerson Electric makes up about 1.4% of Northcape Wealth Management LLC's portfolio, making the stock its 19th largest position.
A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. BlackRock Inc. bought a new stake in Emerson Electric in the second quarter worth $6,193,425,000. Norges Bank bought a new position in Emerson Electric during the fourth quarter valued at $1,050,040,000. Bank of New York Mellon Corp purchased a new position in shares of Emerson Electric in the 2nd quarter worth $659,000,000. Bank of America Corp DE increased its holdings in shares of Emerson Electric by 13.1% in the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company's stock worth $2,612,780,000 after buying an additional 2,302,055 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at about $211,212,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business's stock in a transaction on 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 owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on EMR. KeyCorp lowered their price target on shares of Emerson Electric from $185.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Citigroup upped their price objective on Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. BNP Paribas Exane raised their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Emerson Electric from $169.00 to $179.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upgraded Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 price target on the stock in a report on Friday, July 17th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.96.
Check Out Our Latest Analysis on EMR
Emerson Electric Price Performance
EMR stock opened at $157.60 on Thursday. The stock has a market cap of $88.27 billion, a PE ratio of 34.49, a P/E/G ratio of 2.35 and a beta of 1.24. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $166.35. The company has a 50-day moving average price of $147.50 and a 200 day moving average price of $143.31. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the company posted $1.52 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. 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. Equities research analysts anticipate that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric's dividend payout ratio (DPR) is currently 48.58%.
About Emerson Electric
(
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.
Recommended Stories
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).
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.
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
