Occidental Asset Management LLC Takes $4.69 Million Position in Emerson Electric Co. $EMR

Key Points

• Occidental Asset Management acquired 32,732 Emerson Electric shares worth approximately $4.69 million in the second quarter. Institutional investors and hedge funds own 74.3% of the company.
• Analysts maintain a generally favorable outlook, with 13 Buy, 10 Hold and one Sell rating; the consensus is “Moderate Buy” with an average price target of $166.96.
• Emerson exceeded quarterly earnings expectations with $1.71 in EPS and $4.87 billion in revenue, while announcing a quarterly dividend of $0.555 per share, equivalent to a 1.4% annualized yield.

Occidental Asset Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,732 shares of the industrial products company's stock, valued at approximately $4,686,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $1,050,040,000. Bank of New York Mellon Corp purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $659,000,000. Bank of America Corp DE lifted its holdings in Emerson Electric by 13.1% in the first quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company's stock valued at $2,612,780,000 after acquiring an additional 2,302,055 shares during the last quarter. Deutsche Bank AG purchased a new position in Emerson Electric in the second quarter worth approximately $211,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Emerson Electric during the second quarter worth $201,099,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, May 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Emerson Electric in a report on Friday, July 31st. DA Davidson assumed coverage on shares of Emerson Electric in a research report on Tuesday, June 16th. They issued a "neutral" rating and a $145.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Finally, Daiwa Securities Group reduced their price target on shares of 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $166.96.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business's stock in a transaction dated 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 directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

Emerson Electric Price Performance

EMR stock opened at $162.06 on Tuesday. The business's fifty day moving average price is $146.78 and its 200 day moving average price is $143.19. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $90.77 billion, a PE ratio of 35.46, a P/E/G ratio of 2.43 and a beta of 1.24.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 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 company had revenue of $4.87 billion during the quarter, compared to analysts' expectations of $4.80 billion. During the same period last year, the business posted $1.52 EPS. Emerson Electric'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. On average, sell-side analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a $0.555 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. Emerson Electric's dividend payout ratio (DPR) 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.

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