Rep. Richard McCormick Sells Off Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Rep. Richard McCormick sold between $1,001 and $15,000 of Emerson Electric shares on July 30 from his Growth Partners Roth IRA. He also sold similarly sized positions in 10 other companies, including Medtronic, PepsiCo and Johnson & Johnson.
• Emerson reported quarterly EPS of $1.71, exceeding the $1.68 consensus estimate, while revenue reached $4.87 billion versus expectations of $4.80 billion. Analysts give the stock a “Moderate Buy” rating with an average price target of $166.96.
• The company declared a quarterly dividend of $0.555 per share, equivalent to $2.22 annually and a 1.4% yield. Separately, CEO Surendralal Karsanbhai sold 9,650 shares for approximately $1.56 million.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Emerson Electric Co. NYSE: EMR. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Emerson Electric stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Emerson Electric Stock Down 0.7%

Emerson Electric stock opened at $162.06 on Tuesday. The business's 50-day simple moving average is $146.78 and its two-hundred day simple moving average is $143.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The company has a market cap of $90.77 billion, a PE ratio of 35.46, a PEG ratio of 2.43 and a beta of 1.24. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.03. The firm had revenue of $4.87 billion during the quarter, compared to analysts' expectations 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 for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business 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. Equities analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current year.

Emerson Electric Dividend Announcement

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 paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric's payout ratio is presently 48.58%.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank OZK purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $598,000. Hamilton Capital LLC purchased a new position in Emerson Electric in the second quarter worth approximately $237,000. Equitable Holdings Inc. acquired a new stake in Emerson Electric during the second quarter worth $8,576,000. Centaurus Financial Inc. acquired a new stake in Emerson Electric during the second quarter worth $106,000. Finally, Coastal Bridge Advisors LLC purchased a new stake in Emerson Electric in the second quarter valued at $717,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their price objective on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. HSBC raised their price objective on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. BMO Capital Markets raised their price target on shares of Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $166.96.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares of the company's stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

Emerson Electric Company 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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