Crossmark Global Holdings Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 9.3% in the third quarter, Holdings Channel reports. The firm owned 163,245 shares of the industrial products company’s stock after acquiring an additional 13,868 shares during the period. Crossmark Global Holdings Inc.’s holdings in Emerson Electric were worth $21,415,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Emerson Electric during the 2nd quarter worth $918,830,000. JPMorgan Chase & Co. lifted its position in shares of Emerson Electric by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after purchasing an additional 5,371,585 shares during the last quarter. Schroder Investment Management Group boosted its stake in Emerson Electric by 51.6% during the 2nd quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock valued at $846,165,000 after purchasing an additional 2,159,126 shares during the period. Fisher Asset Management LLC grew its holdings in Emerson Electric by 43.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,193,448 shares of the industrial products company’s stock valued at $692,442,000 after buying an additional 1,561,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Emerson Electric by 29.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,260,097 shares of the industrial products company’s stock worth $690,020,000 after buying an additional 1,187,974 shares during the period. Institutional investors own 74.30% of the company’s stock.
Insider Buying and Selling at Emerson Electric
In related news, VP Nicholas J. Piazza sold 6,703 shares of Emerson Electric stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $159.07, for a total value of $1,066,246.21. Following the completion of the transaction, the vice president directly owned 31,664 shares of the company’s stock, valued at $5,036,792.48. The trade was a 17.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew S. Levatich sold 1,476 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total transaction of $239,348.16. Following the sale, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. This represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.
Emerson Electric Price Performance
Emerson Electric (NYSE:EMR – Get Free Report) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. Emerson Electric had a net margin of 12.72% and a return on equity of 17.25%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The firm’s quarterly 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 forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, February 13th. Emerson Electric’s dividend payout ratio (DPR) is currently 54.28%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on EMR shares. Wolfe Research lowered their price objective on shares of Emerson Electric from $177.00 to $176.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. TD Cowen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research report on Friday, January 9th. Loop Capital upped their price objective on shares of Emerson Electric from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Royal Bank Of Canada increased their target price on shares of Emerson Electric from $153.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley boosted their price target on Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Friday, January 9th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Hold” and an average target price of $164.85.
Check Out Our Latest Research Report on EMR
Emerson Electric Company Profile
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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