Peak Asset Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 114,844 shares of the industrial products company's stock, valued at approximately $16,440,000. Emerson Electric accounts for 2.4% of Peak Asset Management LLC's investment portfolio, making the stock its 16th biggest holding.
Several other hedge funds have also recently bought and sold shares of EMR. Vanguard Group Inc. boosted its position in shares of Emerson Electric by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company's stock worth $7,287,546,000 after acquiring an additional 578,242 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at $6,193,425,000. State Street Corp raised its holdings in shares of Emerson Electric by 2.0% during the 4th quarter. State Street Corp now owns 27,483,440 shares of the industrial products company's stock worth $3,647,602,000 after buying an additional 541,887 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Emerson Electric by 13.1% during 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, Geode Capital Management LLC boosted its stake in Emerson Electric by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company's stock valued at $1,628,638,000 after buying an additional 76,488 shares in the last quarter. 74.30% of the stock is owned by institutional investors.
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company's stock in a transaction 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 directly owned 271,743 shares of the company's stock, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company's stock.
Emerson Electric Stock Performance
Shares of Emerson Electric stock opened at $157.56 on Tuesday. The stock has a market cap of $88.25 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.34 and a beta of 1.24. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35. The company's fifty day moving average is $148.26 and its 200 day moving average is $143.46. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37.
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, topping the consensus estimate of $1.68 by $0.03. The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business 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. Sell-side analysts forecast that Emerson Electric Co. will post 6.55 EPS for the current year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.555 per share. The ex-dividend date is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric's dividend payout ratio (DPR) is presently 48.58%.
Wall Street Analyst Weigh In
Several brokerages have commented on EMR. Rothschild & Co Redburn boosted their target price on Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Daiwa Securities Group decreased their price target on shares of Emerson Electric from $177.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday, May 15th. Citigroup increased their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Finally, DA Davidson increased their price target on Emerson Electric from $145.00 to $155.00 and gave the company a "neutral" rating in a research note on Monday. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.39.
Read Our Latest Stock 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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