Rakuten Investment Management Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 91,720 shares of the industrial products company’s stock, valued at approximately $13,099,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. RB Capital Management LLC bought a new stake in Emerson Electric during the 2nd quarter worth approximately $826,000. Orion Capital Management LLC acquired a new stake in Emerson Electric during the 2nd quarter valued at $29,000. Glenview Trust Co bought a new position in Emerson Electric in the 2nd quarter valued at $23,172,000. North Star Asset Management Inc. acquired a new position in Emerson Electric in the second quarter worth $1,467,000. Finally, Empowered Funds LLC bought a new stake in shares of Emerson Electric during the second quarter worth $8,421,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Emerson Electric
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company’s 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 approximately $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.
Emerson Electric Stock Performance
Emerson Electric (NYSE:EMR – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the firm earned $1.52 EPS. 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. Equities analysts predict that Emerson Electric Co. will post 6.54 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. Shareholders of record on Friday, August 14th will be issued a dividend of $0.555 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 is Friday, August 14th. Emerson Electric’s payout ratio is currently 48.58%.
Analyst Ratings Changes
A number of research firms recently issued reports on EMR. Rothschild & Co Redburn lifted their price target on Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. HSBC raised their price objective on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. BMO Capital Markets boosted their target price on shares of Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. KeyCorp decreased their price target on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 price target for the company in a report on Friday, July 17th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $167.83.
Read Our Latest Report on Emerson Electric
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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