Emerson Electric Co. $EMR Stock: Commonwealth Equity Services LLC Decreases Stake

Commonwealth Equity Services LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.7% during the third quarter, Holdings Channel reports. The institutional investor owned 379,154 shares of the industrial products company’s stock after selling 36,075 shares during the period. Commonwealth Equity Services LLC’s holdings in Emerson Electric were worth $58,807,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. ABS Investment Management LLC purchased a new stake in Emerson Electric in the 2nd quarter worth $858,900,000. William Mack & Associates Inc. purchased a new position in shares of Emerson Electric in the third quarter worth $25,000. Financial Management Professionals Inc. boosted its holdings in shares of Emerson Electric by 100.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. Next Level Wealth Planning LLC bought a new position in Emerson Electric during the third quarter valued at approximately $27,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Emerson Electric in the second quarter valued at $27,000. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction on 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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

Trending Headlines about Emerson Electric

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMR. JPMorgan Chase & Co. upped their price objective on Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. DA Davidson boosted their target price on Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. BNP Paribas Exane increased their price target on Emerson Electric from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Evercore lowered their price target on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, August 31st. Finally, Stephens lifted their price objective on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.38.

Emerson Electric Stock Down 0.2%

Shares of NYSE:EMR opened at $162.28 on Friday. The firm has a market capitalization of $90.89 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.29 and a beta of 1.23. The business has a 50 day simple moving average of $157.91 and a two-hundred day simple moving average of $147.61. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $172.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.66.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts predict that Emerson Electric Co. will post 7.34 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be paid a $0.5950 dividend. The ex-dividend date is Friday, November 13th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s payout ratio is 46.44%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.