Mill Capital Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 12,632 shares of the industrial products company’s stock, valued at approximately $1,808,000.
Other large investors have also recently bought and sold shares of the company. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric in the fourth quarter worth $25,000. Allied Private Wealth LLC purchased a new stake in Emerson Electric during the 2nd quarter worth about $27,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric during the 4th quarter worth about $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $27,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on EMR. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a report on Friday, July 31st. Daiwa Securities Group reduced their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Sanford C. Bernstein raised their target price on shares of Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays lifted their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane increased their price target on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.96.
Emerson Electric Trading Down 0.7%
Shares of EMR stock opened at $163.07 on Friday. The firm has a market cap of $91.33 billion, a P/E ratio of 35.68, a PEG ratio of 2.43 and a beta of 1.24. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year 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 firm’s 50-day simple moving average is $146.32 and its 200-day simple moving average is $143.14.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) 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 firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. Emerson Electric’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. As a group, equities analysts forecast that Emerson Electric Co. will post 6.55 EPS for the current year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid 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 dividend yield of 1.4%. Emerson Electric’s payout ratio is currently 48.58%.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.
Emerson Electric Company 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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