Madison Asset Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 36,893 shares of the industrial products company’s stock, valued at approximately $5,281,000.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Emerson Electric by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company’s stock worth $7,287,546,000 after purchasing an additional 578,242 shares in the last quarter. BlackRock Inc. acquired a new stake in Emerson Electric in the 2nd quarter valued at about $6,193,425,000. State Street Corp boosted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. State Street Corp now owns 27,483,440 shares of the industrial products company’s stock valued at $3,647,602,000 after buying an additional 541,887 shares during the period. Bank of America Corp DE grew its position in shares of Emerson Electric by 13.1% during the first 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 buying an additional 76,488 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Insider Buying and Selling
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Emerson Electric Stock Down 1.7%
Emerson Electric stock opened at $154.93 on Friday. The company has a market capitalization of $86.78 billion, a P/E ratio of 33.90, a PEG ratio of 2.34 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. The stock has a 50-day simple moving average of $147.76 and a 200-day simple moving average of $143.36.
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s quarterly 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 expect that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s payout ratio is presently 48.58%.
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.
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