Willis Investment Counsel decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 24.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,400 shares of the industrial products company’s stock after selling 33,800 shares during the period. Willis Investment Counsel’s holdings in Emerson Electric were worth $16,348,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. ABS Investment Management LLC purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $858,900,000. Allied Private Wealth LLC bought a new position in shares of Emerson Electric during the second quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new stake in Emerson Electric in the second quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Emerson Electric in the second quarter worth $30,000. Finally, MidFirst Bank bought a new stake in Emerson Electric in the second quarter valued at $31,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Insider Buying and Selling
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on EMR. Mizuho boosted their price objective on shares of Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Citigroup raised their target price on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn lifted their target price on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $172.17.
View Our Latest Research Report on Emerson Electric
Emerson Electric Stock Down 0.7%
EMR stock traded down $1.20 during midday trading on Tuesday, hitting $159.34. The stock had a trading volume of 1,350,312 shares, compared to its average volume of 2,947,014. The business has a 50-day moving average of $156.34 and a two-hundred day moving average of $147.13. 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 firm has a market cap of $89.25 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35.
Emerson Electric (NYSE:EMR – Get Free Report) last announced 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 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 firm posted $1.52 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. 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. As a group, equities research analysts forecast that Emerson Electric Co. will post 6.56 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were given a dividend of $0.5550 per share. This represents a $2.22 dividend on an annualized basis and a 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%.
Emerson Electric Profile
Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.
The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.
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