Crossmark Global Holdings Inc. Raises Stake in Emerson Electric Co. $EMR

Crossmark Global Holdings Inc. grew its position in Emerson Electric Co. (NYSE:EMRFree Report) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 175,231 shares of the industrial products company’s stock after acquiring an additional 11,986 shares during the period. Crossmark Global Holdings Inc.’s holdings in Emerson Electric were worth $23,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EMR. Vanguard Group Inc. increased its stake in Emerson Electric by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company’s stock worth $7,287,546,000 after buying an additional 578,242 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Emerson Electric by 13.5% in the third quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock valued at $945,227,000 after acquiring an additional 859,171 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Emerson Electric by 20.6% in the third quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after acquiring an additional 1,069,122 shares during the period. Bank of New York Mellon Corp grew its position in shares of Emerson Electric by 29.2% during the third quarter. Bank of New York Mellon Corp now owns 5,260,097 shares of the industrial products company’s stock worth $690,020,000 after purchasing an additional 1,187,974 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Emerson Electric by 11.9% during the 3rd quarter. Legal & General Group Plc now owns 4,030,406 shares of the industrial products company’s stock valued at $528,709,000 after purchasing an additional 429,888 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $141.20 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a twelve month low of $112.00 and a twelve month high of $165.15. The company’s 50-day moving average price is $138.50 and its 200-day moving average price is $139.26. The company has a market cap of $79.09 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.25 and a beta of 1.26.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Emerson Electric had a return on equity of 17.18% and a net margin of 13.35%.The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter last year, the business posted $1.48 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Emerson Electric has set its FY 2026 guidance at 6.450-6.550 EPS and its Q3 2026 guidance at 1.650-1.700 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 6.5 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s payout ratio is currently 51.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Rothschild & Co Redburn upped their price target on Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wolfe Research decreased their price target on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Twelve 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $163.90.

Read Our Latest Analysis on EMR

Insider Activity at Emerson Electric

In related news, VP Nicholas J. Piazza sold 6,703 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the sale, the vice president owned 31,664 shares in the company, valued at approximately $5,036,792.48. This represents a 17.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of Emerson Electric stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at $40,047,851.76. The trade was a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,879 shares of company stock worth $2,116,818. Company insiders own 0.23% of the company’s stock.

About Emerson Electric

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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