3,180 Shares in Emerson Electric Co. $EMR Purchased by Burton Enright Welch

Burton Enright Welch bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,180 shares of the industrial products company’s stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. BlackRock Inc. purchased a new stake in shares of Emerson Electric in the 2nd quarter worth $6,193,425,000. State Street Corp grew its holdings in Emerson Electric by 1.5% during the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock valued at $3,962,177,000 after purchasing an additional 403,957 shares during the period. Bank of America Corp DE grew its holdings in Emerson Electric by 13.1% during the first quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after purchasing an additional 2,302,055 shares during the period. Bank of New York Mellon Corp increased its position in Emerson Electric by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock worth $827,478,000 after buying an additional 117,513 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Emerson Electric in the second quarter worth about $613,846,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $162.28 on Monday. The stock has a 50-day moving average price of $157.91 and a 200 day moving average price of $147.61. The stock has a market capitalization of $90.89 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.28 and a beta of 1.23. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $172.00. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts forecast that Emerson Electric Co. will post 7.34 EPS for the current fiscal year.

Emerson Electric Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EMR shares. Citigroup lifted their price objective on Emerson Electric from $182.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen raised their target price on shares of Emerson Electric from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. KeyCorp lifted their price target on shares of Emerson Electric from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein upped their price target on shares of Emerson Electric from $186.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Evercore reduced their price objective on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.38.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer directly 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 link. Insiders own 0.23% of the company’s stock.

Emerson Electric News Roundup

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

About Emerson Electric

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.