Emerson Electric Co. $EMR Stock Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% in the third quarter, HoldingsChannel reports. The fund owned 135,525 shares of the industrial products company’s stock after selling 4,529 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Emerson Electric were worth $21,020,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EMR. BlackRock Inc. acquired a new stake in Emerson Electric in the second quarter worth about $6,193,425,000. Bank of America Corp DE acquired a new position in Emerson Electric during the 2nd quarter valued at about $2,629,146,000. Bank of New York Mellon Corp acquired a new position in Emerson Electric during the 2nd quarter valued at about $659,000,000. Legal & General Group Plc bought a new position in shares of Emerson Electric in the 2nd quarter valued at about $613,846,000. Finally, Jupiter Topco LLC bought a new position in shares of Emerson Electric in the 2nd quarter valued at about $260,485,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $162.28 on Friday. The stock has a market cap of $90.89 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 2.29 and a beta of 1.23. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $172.00. The stock’s 50-day moving average price is $157.91 and its two-hundred day moving average price is $147.61. The company has a current ratio of 0.94, a quick ratio of 0.66 and a debt-to-equity ratio of 0.36.

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

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a dividend of $0.5950 per share. This is an increase 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%. The ex-dividend date is Friday, November 13th. Emerson Electric’s dividend payout ratio is presently 46.44%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s 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 sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Emerson Electric News Summary

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 equities research analysts recently weighed in on the stock. BNP Paribas Exane boosted their price target on shares of Emerson Electric from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday. Wall Street Zen cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a report on Tuesday, November 3rd. KeyCorp lifted their target price on shares of Emerson Electric from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Sanford C. Bernstein upped their target price on shares of Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.38.

About Emerson Electric

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.