Meiji Yasuda Asset Management Co Ltd. bought a new position in Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 49,204 shares of the industrial products company’s stock, valued at approximately $7,044,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Basso Capital Management L.P. bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Allied Private Wealth LLC purchased a new stake in shares of Emerson Electric during the second quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Emerson Electric in the fourth quarter worth $27,000. Motiv8 Investments LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $29,000. 74.30% of the stock is owned by institutional investors.
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of Emerson Electric 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 transaction, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.
Emerson Electric Price Performance
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. 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 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 48.58%.
Analysts Set New Price Targets
Several analysts recently weighed in on EMR shares. Daiwa Securities Group cut their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Barclays boosted their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Rothschild & Co Redburn lifted their price objective on Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Stephens upped their price target on Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.96.
Check Out Our Latest Analysis on EMR
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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