Payden & Rygel Reduces Stake in Emerson Electric Co. $EMR

Payden & Rygel trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 74.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,500 shares of the industrial products company’s stock after selling 10,000 shares during the period. Payden & Rygel’s holdings in Emerson Electric were worth $459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Emerson Electric during the second quarter worth $918,830,000. JPMorgan Chase & Co. boosted its stake in shares of Emerson Electric by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after purchasing an additional 5,371,585 shares during the period. Schroder Investment Management Group raised its position in Emerson Electric by 51.6% in the 2nd quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock worth $846,165,000 after purchasing an additional 2,159,126 shares during the period. Fisher Asset Management LLC lifted its stake in Emerson Electric by 43.0% in the second quarter. Fisher Asset Management LLC now owns 5,193,448 shares of the industrial products company’s stock worth $692,442,000 after purchasing an additional 1,561,600 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted 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 valued at $690,020,000 after buying an additional 1,187,974 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $148.72 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $144.92 and its 200-day moving average price is $136.73. The firm has a market cap of $83.58 billion, a P/E ratio of 36.36, a P/E/G ratio of 2.36 and a beta of 1.26. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $165.15.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. Emerson Electric had a net margin of 12.72% and a return on equity of 17.25%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the business earned $1.38 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Emerson Electric has set its FY 2026 guidance at 6.400-6.550 EPS and its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s payout ratio is 54.28%.

Emerson Electric declared that its board has approved a stock repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Cowen downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Friday, January 9th. Evercore upped their price objective on Emerson Electric from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Oppenheimer reiterated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, January 27th. Stephens boosted their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Finally, Royal Bank Of Canada raised their price target on shares of Emerson Electric from $153.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Eleven 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $164.90.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. This trade represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $159.07, for a total value of $1,066,246.21. Following the completion of the transaction, the vice president directly owned 31,664 shares of the company’s stock, valued at approximately $5,036,792.48. The trade was a 17.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,442 shares of company stock worth $2,271,573 over the last 90 days. Company insiders own 0.23% of the company’s stock.

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.