Emerson Electric Co. $EMR Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,518 shares of the industrial products company’s stock after purchasing an additional 4,439 shares during the period. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $3,315,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. ABS Investment Management LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $858,900,000. William Mack & Associates Inc. bought a new position in Emerson Electric during the third quarter worth $25,000. Financial Management Professionals Inc. grew its holdings in Emerson Electric by 100.0% in the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 86 shares during the period. Next Level Wealth Planning LLC acquired a new stake in Emerson Electric in the third quarter worth $27,000. Finally, Allied Private Wealth LLC bought a new stake in Emerson Electric in the second quarter valued at $27,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Trending Headlines about Emerson Electric

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Emerson Electric Trading Down 0.2%

Emerson Electric stock opened at $162.28 on Friday. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The firm’s fifty day moving average price is $157.91 and its 200-day moving average price is $147.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The stock has a market cap of $90.89 billion, a P/E ratio of 33.95, a PEG ratio of 2.31 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 7.21 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a $0.5950 dividend. The ex-dividend date of this dividend is Friday, November 13th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 46.44%.

Insider Buying and Selling

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EMR shares. JPMorgan Chase & Co. upped their price target on Emerson Electric from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. Mizuho upped their price objective on shares of Emerson Electric from $173.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. BNP Paribas Exane boosted their target price on shares of Emerson Electric from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets raised shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.38.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.