Emerson Electric Co. $EMR Stock: Chicago Partners Investment Group LLC Raises Holdings

Chicago Partners Investment Group LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 27.6% in the third quarter, Holdings Channel reports. The fund owned 20,518 shares of the industrial products company’s stock after purchasing an additional 4,439 shares during the period. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $3,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ABS Investment Management LLC acquired a new position in Emerson Electric during the 2nd quarter worth approximately $858,900,000. William Mack & Associates Inc. acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Financial Management Professionals Inc. boosted its stake in shares of Emerson Electric by 100.0% in the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. Next Level Wealth Planning LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $27,000. Finally, Allied Private Wealth LLC acquired a new position in Emerson Electric during the second quarter worth $27,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following 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 filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

Emerson Electric Price Performance

EMR stock opened at $162.28 on Friday. The stock has a 50-day moving average price of $157.91 and a two-hundred day moving average price of $147.61. The company has a market cap of $90.89 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $172.00.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.01. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 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% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. As a group, research analysts predict that Emerson Electric Co. will post 7.21 EPS for the current year.

Emerson Electric Increases Dividend

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

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. KeyCorp raised their target price on Emerson Electric from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets upgraded shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. Finally, TD Cowen increased their target price on shares of Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.38.

Key Stories Impacting 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

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.