Burton Enright Welch Purchases 3,180 Shares of Emerson Electric Co. $EMR

Burton Enright Welch purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,180 shares of the industrial products company’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Emerson Electric during the second quarter worth approximately $6,193,425,000. State Street Corp boosted its stake in shares of Emerson Electric by 1.5% during the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock valued at $3,962,177,000 after purchasing an additional 403,957 shares during the period. Bank of America Corp DE bought a new position in Emerson Electric in the 2nd quarter worth about $2,629,146,000. ABS Investment Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at approximately $858,900,000. Finally, Bank of New York Mellon Corp raised its position in Emerson Electric by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after purchasing an additional 117,513 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company 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

Emerson Electric Price Performance

Shares of EMR stock opened at $162.28 on Monday. The stock’s 50-day moving average is $157.91 and its 200 day moving average is $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 0.70. The company has a market cap of $90.89 billion, a P/E ratio of 33.95, a PEG ratio of 2.28 and a beta of 1.23.

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

Emerson Electric Increases Dividend

The company 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. This represents a $2.38 annualized dividend and a yield of 1.5%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date is Friday, November 13th. Emerson Electric’s payout ratio is 46.44%.

Analysts Set New Price Targets

Several analysts recently weighed in on EMR shares. BNP Paribas Exane lifted their price objective on Emerson Electric from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $188.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen boosted their price target 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. Evercore lowered their price target on shares of 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, Mizuho increased their price objective on shares of Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $175.38.

Emerson Electric 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.