QRG Capital Management Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 64.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,686 shares of the industrial products company's stock after buying an additional 65,150 shares during the period. QRG Capital Management Inc.'s holdings in Emerson Electric were worth $23,861,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. ABS Investment Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at $858,900,000. Basso Capital Management L.P. acquired a new position in Emerson Electric during the fourth quarter valued at $25,000. Allied Private Wealth LLC purchased a new stake in Emerson Electric in the 2nd quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in Emerson Electric during the 2nd quarter worth about $29,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in Emerson Electric during the 2nd quarter worth about $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on EMR shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Emerson Electric in a research report on Friday, July 31st. HSBC boosted their price objective on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Rothschild & Co Redburn increased their target price on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. DA Davidson boosted their price target on shares of Emerson Electric from $145.00 to $155.00 and gave the company a "neutral" rating in a report on Monday, August 24th. Finally, Royal Bank Of Canada upped their price target on shares of Emerson Electric from $169.00 to $179.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $167.83.
Check Out Our Latest Research Report on Emerson Electric
Emerson Electric Stock Up 0.2%
EMR traded up $0.24 during midday trading on Wednesday, hitting $154.43. 2,713,723 shares of the company's stock traded hands, compared to its average volume of 2,982,299. 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 company has a market cap of $86.50 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The stock's fifty day simple moving average is $152.00 and its 200-day simple moving average is $143.47. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35.
Emerson Electric (NYSE:EMR - Get Free Report) last posted 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 company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share. 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. As a group, equities analysts anticipate that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 14th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, August 14th. Emerson Electric's dividend payout ratio (DPR) is 48.58%.
Insider Buying and Selling at Emerson Electric
In other Emerson Electric news, CEO Surendralal 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 value of $1,562,431.50. Following the completion of the sale, the chief executive officer owned 271,743 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.
About Emerson Electric
(
Free Report)
Emerson Electric Co is a global technology and engineering company that provides automation, control and software solutions for industrial customers. Its offerings help organizations monitor, manage and optimize operations, improve safety and reliability, and reduce energy use and emissions across complex facilities and production environments.
The company's portfolio includes process control systems, industrial software, measurement and analytical instruments, control valves, regulators, industrial computers and related automation technologies.
See Also
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).

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