Fifth Third Bancorp Buys 452,738 Shares of Emerson Electric Co. $EMR

Fifth Third Bancorp boosted its position in Emerson Electric Co. (NYSE:EMR) by 106.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 877,275 shares of the industrial products company’s stock after purchasing an additional 452,738 shares during the period. Fifth Third Bancorp’s holdings in Emerson Electric were worth $114,941,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Glass Wealth Management Co LLC grew its stake in shares of Emerson Electric by 0.8% during the 1st quarter. Glass Wealth Management Co LLC now owns 18,424 shares of the industrial products company’s stock worth $2,414,000 after acquiring an additional 150 shares during the period. Simplicity Wealth LLC lifted its holdings in Emerson Electric by 9.5% during the first quarter. Simplicity Wealth LLC now owns 5,053 shares of the industrial products company’s stock valued at $662,000 after purchasing an additional 439 shares during the last quarter. Candriam S.C.A. boosted its position in Emerson Electric by 0.8% during the first quarter. Candriam S.C.A. now owns 522,004 shares of the industrial products company’s stock worth $68,393,000 after purchasing an additional 3,970 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Emerson Electric by 10.6% in the first quarter. Sequoia Financial Advisors LLC now owns 30,680 shares of the industrial products company’s stock worth $4,020,000 after purchasing an additional 2,929 shares in the last quarter. Finally, DMC Group LLC raised its position in shares of Emerson Electric by 3.0% in the first quarter. DMC Group LLC now owns 6,502 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 189 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Daiwa Securities Group reduced their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. BMO Capital Markets lifted their target price on Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Barclays increased their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Sanford C. Bernstein started coverage on shares of Emerson Electric in a report on Wednesday, June 10th. They issued an “outperform” rating and a $175.00 price target for the company. Finally, Royal Bank Of Canada raised their price target on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $163.32.

Emerson Electric Trading Up 0.8%

Shares of Emerson Electric stock traded up $1.10 during trading on Friday, reaching $138.90. The company’s stock had a trading volume of 1,563,376 shares, compared to its average volume of 2,681,216. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $165.15. The firm’s 50-day moving average is $140.81 and its two-hundred day moving average is $141.76. The company has a market cap of $77.80 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.22 and a beta of 1.25.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Emerson Electric had a net margin of 13.35% and a return on equity of 17.18%. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Emerson Electric has set its FY 2026 guidance at 6.450-6.550 EPS and its Q3 2026 guidance at 1.650-1.700 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 6.49 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 51.27%.

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.