L2 Asset Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,507 shares of the industrial products company’s stock, valued at approximately $502,000.
A number of other hedge funds also recently bought and sold shares of EMR. Brighton Jones LLC grew its holdings in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerson Electric during the first quarter worth approximately $232,000. Caxton Associates LLP bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $275,000. Sivia Capital Partners LLC acquired a new stake in shares of Emerson Electric in the second quarter worth $203,000. Finally, Jump Financial LLC increased its position in Emerson Electric by 121.5% during the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock worth $1,406,000 after acquiring an additional 5,783 shares during the period. 74.30% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
EMR has been the topic of a number of research reports. Stephens boosted their price objective on Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. HSBC boosted their price target on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. DA Davidson increased their price objective on shares of Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, BNP Paribas Exane upped their target price on shares of Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.39.
Insider Buying and Selling at Emerson Electric
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
Emerson Electric Stock Performance
EMR stock opened at $154.97 on Wednesday. The company has a 50 day moving average price of $148.38 and a 200 day moving average price of $143.44. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The stock has a market capitalization of $86.80 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24.
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the business earned $1.52 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. 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 forecast that Emerson Electric Co. will post 6.56 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a $0.555 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
Emerson Electric 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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