NEOS Investment Management LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,866 shares of the industrial products company’s stock after purchasing an additional 10,719 shares during the quarter. NEOS Investment Management LLC’s holdings in Emerson Electric were worth $13,007,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EMR. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Emerson Electric by 9.4% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock worth $14,563,000 after acquiring an additional 8,700 shares during the period. BlackRock Inc. acquired a new position in shares of Emerson Electric during the 2nd quarter valued at $6,193,425,000. Fisher Asset Management LLC raised its stake in shares of Emerson Electric by 14.8% in the 4th quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock worth $954,405,000 after buying an additional 928,548 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company’s stock valued at $1,628,638,000 after buying an additional 76,488 shares during the period. Finally, Legal & General Group Plc boosted its stake in Emerson Electric by 2.1% during the fourth quarter. Legal & General Group Plc now owns 4,114,470 shares of the industrial products company’s stock valued at $546,072,000 after buying an additional 84,064 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.
Emerson Electric Stock Performance
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 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 firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. Emerson Electric’s quarterly 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. On average, sell-side analysts anticipate that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s dividend payout ratio is 48.58%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Daiwa Securities Group cut their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, May 15th. DA Davidson increased their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. Stephens lifted their price target on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 price objective for the company in a research report on Friday, July 17th. Finally, Sanford C. Bernstein lifted their target price on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.83.
Read Our Latest Research Report on EMR
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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