Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,327 shares of the industrial products company’s stock, valued at approximately $5,630,000.
A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Emerson Electric in the 2nd quarter valued at $6,193,425,000. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $1,050,040,000. Bank of New York Mellon Corp purchased a new position in Emerson Electric during the second quarter worth about $659,000,000. Bank of America Corp DE boosted its stake in Emerson Electric by 13.1% in the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock worth $2,612,780,000 after buying an additional 2,302,055 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Emerson Electric during the 2nd quarter valued at about $211,212,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Wall Street Analysts Forecast Growth
EMR has been the topic of several research analyst reports. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report 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 note on Thursday, August 6th. BNP Paribas Exane boosted their price objective on shares of Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.96.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the 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 $43,997,909.13. This trade represents 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 the SEC website. 0.23% of the stock is currently owned by corporate insiders.
Emerson Electric Stock Down 2.6%
Shares of Emerson Electric stock opened at $157.82 on Wednesday. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35. The stock has a market cap of $88.39 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $147.09 and a 200 day moving average price of $143.26.
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s payout ratio is 48.58%.
Emerson Electric Profile
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.
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