Legal & General Group Plc Buys 429,888 Shares of Emerson Electric Co. $EMR

Legal & General Group Plc lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 11.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,030,406 shares of the industrial products company’s stock after purchasing an additional 429,888 shares during the quarter. Legal & General Group Plc owned 0.72% of Emerson Electric worth $528,709,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $918,830,000. JPMorgan Chase & Co. boosted its stake in shares of Emerson Electric by 75.0% in the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after purchasing an additional 5,371,585 shares during the period. Schroder Investment Management Group grew its holdings in shares of Emerson Electric by 51.6% in the second quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock valued at $846,165,000 after purchasing an additional 2,159,126 shares in the last quarter. Fisher Asset Management LLC increased its stake in Emerson Electric by 43.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,193,448 shares of the industrial products company’s stock worth $692,442,000 after buying an additional 1,561,600 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Emerson Electric by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,260,097 shares of the industrial products company’s stock worth $690,020,000 after buying an additional 1,187,974 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Nicholas J. Piazza sold 6,703 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the transaction, the vice president directly owned 31,664 shares of the company’s stock, valued at approximately $5,036,792.48. The trade was a 17.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew S. Levatich sold 1,476 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total value of $239,348.16. Following the completion of the transaction, the director owned 24,349 shares in the company, valued at approximately $3,948,433.84. This trade represents a 5.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Emerson Electric Trading Down 0.6%

Shares of EMR opened at $140.34 on Wednesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $165.15. The stock has a market cap of $78.87 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The firm has a 50 day simple moving average of $147.67 and a 200-day simple moving average of $137.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Emerson Electric had a net margin of 12.72% and a return on equity of 17.25%. Emerson Electric’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. Emerson Electric has set its FY 2026 guidance at 6.400-6.550 EPS and its Q2 2026 guidance at 1.500-1.550 EPS. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, February 13th. Emerson Electric’s payout ratio is currently 54.28%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Wolfe Research decreased their target price on Emerson Electric from $177.00 to $176.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Loop Capital upped their target price on shares of Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Barclays increased their target price on Emerson Electric from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings cut shares of Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $164.85.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.