Turtle Creek Wealth Advisors LLC boosted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 162.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,352 shares of the industrial products company’s stock after buying an additional 9,499 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Emerson Electric were worth $2,381,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of EMR. Basso Capital Management L.P. purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Allied Private Wealth LLC purchased a new position in shares of Emerson Electric during the second quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Emerson Electric in the second quarter valued at $30,000. Finally, MidFirst Bank purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric 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 completion of the transaction, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.
Emerson Electric Stock Down 0.3%
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. Emerson Electric’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company 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. On average, equities analysts predict that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were issued a $0.5550 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. DA Davidson increased their target price on Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. HSBC lifted their target price on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Stephens boosted their price target on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. BMO Capital Markets increased their price target on shares of Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.
Get Our Latest Report on Emerson Electric
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that provides products, software and services for industrial, commercial and residential applications. Its offerings help customers automate processes, measure and control operations, improve equipment performance, and manage complex industrial systems.
The company’s portfolio includes process-control and automation systems, industrial software, measurement and analytical instruments, control valves, regulators, electrical equipment, and related services.
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