Emerson Electric Co. $EMR Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 14.9% during the second quarter, HoldingsChannel.com reports. The fund owned 629,285 shares of the industrial products company’s stock after selling 110,259 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Emerson Electric were worth $90,082,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ABS Investment Management LLC purchased a new position in Emerson Electric in the second quarter valued at about $858,900,000. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric during the fourth quarter worth about $25,000. Allied Private Wealth LLC purchased a new stake in shares of Emerson Electric in the second quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at about $29,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $27,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric 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 transaction, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. KeyCorp reduced their price target on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Daiwa Securities Group dropped their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price on the stock in a research report on Friday, July 17th. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Morgan Stanley lifted their price target on shares of Emerson Electric from $125.00 to $135.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. 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, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $167.83.

Emerson Electric Price Performance

EMR stock opened at $152.07 on Friday. The stock’s 50 day moving average is $150.39 and its two-hundred day moving average is $143.50. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35. The company has a market capitalization of $85.17 billion, a PE ratio of 33.28, a P/E/G ratio of 2.23 and a beta of 1.24. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 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 company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the prior year, the business posted $1.52 EPS. 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. Analysts predict that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 14th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 14th. Emerson Electric’s dividend payout ratio is 48.58%.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that provides automation, control and software solutions for industrial customers. Its offerings help organizations monitor, manage and optimize operations, improve safety and reliability, and reduce energy use and emissions across complex facilities and production environments.

The company’s portfolio includes process control systems, industrial software, measurement and analytical instruments, control valves, regulators, industrial computers and related automation technologies.