Empirical Asset Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,252 shares of the industrial products company’s stock, valued at approximately $1,738,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. Brighton Jones LLC lifted its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerson Electric during the first quarter worth $232,000. Caxton Associates LLP bought a new position in shares of Emerson Electric in the 1st quarter valued at $275,000. Sivia Capital Partners LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at $203,000. Finally, Ignite Planners LLC acquired a new position in Emerson Electric in the 2nd quarter worth about $237,000. Institutional investors own 74.30% of the company’s stock.
Insider Activity at Emerson Electric
In related news, VP Nicholas J. Piazza sold 6,703 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the transaction, the vice president owned 31,664 shares in the company, valued at $5,036,792.48. The trade was a 17.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. The trade was a 3.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,442 shares of company stock worth $2,271,573 in the last quarter. Company insiders own 0.23% of the company’s stock.
Emerson Electric Trading Up 3.7%
Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. Emerson Electric had a return on equity of 17.25% and a net margin of 12.72%.The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business posted $1.38 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. Emerson Electric has set its FY 2026 guidance at 6.400-6.550 EPS and its Q2 2026 guidance at 1.500-1.550 EPS. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric announced that its board has initiated a stock repurchase plan on Wednesday, November 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.22 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is 54.28%.
Analysts Set New Price Targets
A number of brokerages have recently commented on EMR. Wolfe Research lifted their price target on Emerson Electric from $172.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Morgan Stanley boosted their target price on shares of Emerson Electric from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Friday, January 9th. Stephens raised their price target on shares of Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Evercore boosted their price objective on shares of Emerson Electric from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Citigroup increased their price objective on Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $164.90.
View 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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