Exchange Traded Concepts LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 369,324 shares of the industrial products company’s stock after buying an additional 48,316 shares during the quarter. Exchange Traded Concepts LLC owned about 0.07% of Emerson Electric worth $52,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter worth $1,050,040,000. Bank of America Corp DE lifted its position in Emerson Electric by 13.1% during the first quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after buying an additional 2,302,055 shares during the period. Janus Henderson Group PLC grew its position in shares of Emerson Electric by 95.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,207,707 shares of the industrial products company’s stock worth $289,262,000 after buying an additional 1,079,665 shares during the period. Bank of New York Mellon Corp grew its position in shares of Emerson Electric by 17.8% in the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock worth $822,618,000 after buying an additional 938,051 shares during the period. Finally, Fisher Asset Management LLC lifted its position 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 period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by company insiders.
Emerson Electric Trading Down 0.7%
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.03. The firm had revenue of $4.87 billion for 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 was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts expect that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 is presently 48.58%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a research note on Friday, July 17th. Citigroup upped their price target on Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn lifted their price objective on Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. 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, Stephens raised their price target on Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. Thirteen 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.96.
View Our Latest Report on Emerson Electric
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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