QRG Capital Management Inc. Has $23.86 Million Holdings in Emerson Electric Co. $EMR

QRG Capital Management Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 64.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,686 shares of the industrial products company’s stock after acquiring an additional 65,150 shares during the period. QRG Capital Management Inc.’s holdings in Emerson Electric were worth $23,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $6,193,425,000. State Street Corp lifted its holdings 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 worth $3,962,177,000 after buying an additional 403,957 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Emerson Electric by 13.1% in the first quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after acquiring an additional 2,302,055 shares during the period. Geode Capital Management LLC increased its position in Emerson Electric by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company’s stock worth $1,628,638,000 after acquiring an additional 76,488 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Emerson Electric by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 10,840,109 shares of the industrial products company’s stock valued at $1,438,699,000 after purchasing an additional 134,049 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.24 during trading hours on Wednesday, reaching $154.43. 2,713,723 shares of the company were exchanged, compared to its average volume of 2,982,299. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The stock’s fifty day moving average is $152.00 and its two-hundred day moving average is $143.47. The company has a market cap of $86.50 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.28 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business posted $1.52 earnings per share. Emerson Electric’s revenue for the quarter 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. Sell-side analysts forecast that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 price target on the stock in a research report on Friday, July 17th. Royal Bank Of Canada upped their price target on Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. HSBC raised their price objective on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. DA Davidson lifted their price objective on Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Thirteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.83.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that provides automation, control and software solutions for industrial customers. Its offerings help organizations monitor, manage and optimize operations, improve safety and reliability, and reduce energy use and emissions across complex facilities and production environments.

The company’s portfolio includes process control systems, industrial software, measurement and analytical instruments, control valves, regulators, industrial computers and related automation technologies.