Knuff & Co LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 3,400 shares of the industrial products company’s stock, valued at approximately $487,000.
Other large investors have also recently made changes to their positions in the company. NewEdge Wealth LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $3,503,000. Sound Financial Strategies Group LLC acquired a new position in Emerson Electric during the second quarter worth $385,000. Great Lakes Advisors LLC purchased a new position in shares of Emerson Electric during the second quarter worth $24,271,000. Compass Wealth Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at $1,849,000. Finally, Pacific Sun Financial Corp acquired a new position in Emerson Electric in the 2nd quarter valued at about $243,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction 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 directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.
Emerson Electric Stock Performance
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the business earned $1.52 EPS. The firm’s revenue was up .0% compared to the same quarter last year. 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. On average, equities research analysts expect that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. KeyCorp cut their price target on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Sanford C. Bernstein lifted their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Citigroup raised 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. BNP Paribas Exane boosted their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Finally, BMO Capital Markets increased their price objective on Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Thirteen equities research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.96.
Check Out Our Latest Research Report on EMR
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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