Varma Mutual Pension Insurance Co bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 121,195 shares of the industrial products company’s stock, valued at approximately $17,349,000.
Several other hedge funds have also recently added to or reduced their stakes in EMR. Basso Capital Management L.P. bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Allied Private Wealth LLC bought a new position in Emerson Electric during the second quarter worth $27,000. IFC & Insurance Marketing Inc. acquired a new position in Emerson Electric in the fourth quarter valued at $27,000. Motiv8 Investments LLC bought a new stake in Emerson Electric during the fourth quarter valued at $27,000. Finally, Ares Financial Consulting LLC bought a new stake in Emerson Electric during the fourth quarter valued at $29,000. Institutional investors own 74.30% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction dated 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.
Emerson Electric Stock Performance
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The business’s revenue was up .0% on a year-over-year basis. 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. Sell-side analysts predict that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s dividend payout ratio is currently 48.58%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on EMR. Royal Bank Of Canada lifted their price objective on Emerson Electric from $169.00 to $179.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein raised their target price on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Daiwa Securities Group lowered their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, May 15th. KeyCorp dropped their price target on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a report on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $166.96.
Read Our Latest Stock Analysis 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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