Wealthfront Advisers LLC Purchases New Shares in Emerson Electric Co. $EMR

Key Points

• Wealthfront Advisers acquired 53,911 Emerson Electric shares in the second quarter, worth approximately $7.7 million. Institutional investors collectively own 74.3% of EMR.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $166.96; several firms recently raised their targets to between $179 and $186.
• Emerson exceeded quarterly expectations with $1.71 in EPS and $4.87 billion in revenue, while declaring a quarterly dividend of $0.555 per share, representing a 1.4% annualized yield.

Wealthfront Advisers LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,911 shares of the industrial products company's stock, valued at approximately $7,717,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Basso Capital Management L.P. bought a new position in shares of Emerson Electric in the 4th quarter worth about $25,000. Allied Private Wealth LLC bought a new stake in Emerson Electric during the second quarter worth about $27,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric in the fourth quarter worth about $27,000. Motiv8 Investments LLC purchased a new stake in Emerson Electric in the fourth quarter worth about $27,000. Finally, MidFirst Bank bought a new position in shares of Emerson Electric during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In other Emerson Electric 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 value of $1,562,431.50. Following the completion of the transaction, the chief executive officer 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Royal Bank Of Canada lifted their price objective on Emerson Electric from $169.00 to $179.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Sanford C. Bernstein boosted their target price on Emerson Electric from $169.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. BNP Paribas Exane increased their target price on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 price target for the company in a research report on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.96.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $157.60 on Thursday. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35. The firm has a market cap of $88.27 billion, a P/E ratio of 34.49, a PEG ratio of 2.35 and a beta of 1.24. The company has a 50 day moving average of $147.50 and a 200 day moving average of $143.31. 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 issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. The business 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 company's revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, research analysts expect that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed 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 of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. Emerson Electric's dividend payout ratio (DPR) is 48.58%.

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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