Tocqueville Asset Management L.P. Makes New $41.87 Million Investment in Emerson Electric Co. $EMR

Key Points

• Tocqueville Asset Management initiated a $41.87 million position in Emerson Electric, purchasing 292,469 shares. Institutional investors now own approximately 74.3% of the company.
• Emerson exceeded quarterly expectations, reporting $1.71 in adjusted EPS versus a $1.68 estimate and $4.87 billion in revenue versus $4.80 billion expected. Analysts maintain a “Moderate Buy” consensus with a $166.96 price target.
• The company declared a quarterly dividend of $0.555 per share, or $2.22 annually, yielding approximately 1.4%; CEO Surendralal Lanca Karsanbhai separately sold 9,650 shares for about $1.56 million.

Tocqueville Asset Management L.P. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 292,469 shares of the industrial products company's stock, valued at approximately $41,867,000. Tocqueville Asset Management L.P. owned approximately 0.05% of Emerson Electric as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. 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 shares of Emerson Electric during the fourth quarter valued at about $1,050,040,000. Bank of New York Mellon Corp purchased a new position in shares of Emerson Electric in the second quarter worth about $659,000,000. Bank of America Corp DE lifted its stake 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 valued at $2,612,780,000 after acquiring an additional 2,302,055 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Emerson Electric during the 2nd quarter valued at about $211,212,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $157.60 on Thursday. The business has a 50 day moving average of $147.50 and a 200 day moving average of $143.31. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $166.35. The company 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. 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 released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. 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 research analysts forecast that Emerson Electric Co. will post 6.55 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.555 per share. 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 payout ratio is currently 48.58%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 271,743 shares of the company's stock, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays lifted their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Emerson Electric in a report on Friday, July 31st. Sanford C. Bernstein upped their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Rothschild & Co Redburn increased their price target on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $169.00 to $179.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.96.

Emerson Electric Profile

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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