SCS Capital Management LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, Holdings Channel reports. The firm acquired 7,014 shares of the industrial products company’s stock, valued at approximately $1,004,000.
Other institutional investors have also recently added to or reduced their stakes in the company. CORDA Investment Management LLC. bought a new position in Emerson Electric during the 2nd quarter valued at $1,225,000. Silverlake Wealth Management LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth $618,000. Bank of New York Mellon Corp acquired a new stake in shares of Emerson Electric in the second quarter valued at $659,000,000. State of Wyoming bought a new position in Emerson Electric during the second quarter valued at about $210,000. Finally, ABN AMRO Bank N.V. acquired a new position in Emerson Electric during the second quarter worth about $1,069,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’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 sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.
Emerson Electric Trading Down 0.1%
Emerson Electric (NYSE:EMR – Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. 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. Analysts expect that Emerson Electric Co. will post 6.55 earnings per share for the current year.
Emerson Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on EMR shares. HSBC upped their price target on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. KeyCorp lowered their price objective 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. Stephens increased their target price on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a report on Friday, July 17th. Finally, Barclays lifted their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $166.96.
Check Out Our Latest Stock Report on Emerson Electric
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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