Wellington Management Group LLP Has $1.21 Billion Stock Position in Emerson Electric Co. $EMR

Key Points

• Wellington Management reduced its Emerson Electric stake by 12% in the second quarter, selling 1.15 million shares. It still held 8.46 million shares valued at approximately $1.21 billion, while institutional investors collectively owned 74.3% of the company.
• Emerson exceeded quarterly expectations with adjusted earnings of $1.71 per share versus the $1.68 consensus estimate and revenue of $4.87 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $167.83.
• The company declared a quarterly dividend of $0.555 per share, equivalent to $2.22 annually and a 1.4% yield. Shares opened at $155.37, down 1.5%, with a 12-month trading range of $122.64 to $166.35.

Wellington Management Group LLP lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,464,091 shares of the industrial products company's stock after selling 1,153,964 shares during the quarter. Wellington Management Group LLP owned 1.51% of Emerson Electric worth $1,211,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Emerson Electric by 9.4% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company's stock worth $14,563,000 after buying an additional 8,700 shares in the last quarter. BlackRock Inc. acquired a new stake in Emerson Electric in the second quarter valued at $6,193,425,000. Fisher Asset Management LLC boosted its stake in Emerson Electric by 14.8% during the 4th quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company's stock valued at $954,405,000 after acquiring an additional 928,548 shares during the last quarter. Truist Financial Corp grew its holdings in Emerson Electric by 4.6% during the 4th quarter. Truist Financial Corp now owns 1,185,160 shares of the industrial products company's stock worth $157,294,000 after acquiring an additional 52,440 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Emerson Electric by 2.1% in the 4th quarter. Legal & General Group Plc now owns 4,114,470 shares of the industrial products company's stock worth $546,072,000 after purchasing an additional 84,064 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 1.5%

NYSE:EMR opened at $155.37 on Friday. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35. The firm has a market capitalization of $87.02 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.35 and a beta of 1.24. 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 business has a 50 day simple moving average of $148.79 and a 200 day simple moving average of $143.58.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share 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 analyst estimates of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company earned $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. Equities research analysts predict that Emerson Electric Co. will post 6.54 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EMR shares. BNP Paribas Exane boosted their price objective on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. JPMorgan Chase & Co. raised Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 target price on the stock in a report on Friday, July 17th. Morgan Stanley boosted their price target on Emerson Electric from $125.00 to $135.00 and gave the company an "underweight" rating in a report on Friday. KeyCorp dropped their price target on Emerson Electric from $185.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Emerson Electric in a report on Friday, July 31st. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.83.

Insiders Place Their Bets

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 shares were 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 $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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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