Glenview Trust Co Buys 16,177 Shares of Emerson Electric Co. $EMR

Glenview Trust Co lifted its stake in Emerson Electric Co. (NYSE:EMR) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,046 shares of the industrial products company’s stock after buying an additional 16,177 shares during the period. Glenview Trust Co’s holdings in Emerson Electric were worth $27,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. BlackRock Inc. acquired a new stake in Emerson Electric in the 2nd quarter valued at $6,193,425,000. State Street Corp grew its position in Emerson Electric by 1.5% in 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 acquiring an additional 403,957 shares during the period. Bank of America Corp DE acquired a new position in Emerson Electric during the second quarter worth $2,629,146,000. ABS Investment Management LLC acquired a new position in Emerson Electric during the second quarter worth $858,900,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Emerson Electric by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after acquiring an additional 117,513 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric 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 completion of the sale, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EMR shares. KeyCorp reduced their target price on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Wells Fargo & Company started coverage on shares of Emerson Electric in a report on Friday, September 25th. They issued an “overweight” rating and a $177.00 target price on the stock. BNP Paribas Exane increased their target price on shares of Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. Evercore cut their price target on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Monday, August 31st. Finally, Sanford C. Bernstein lifted their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $172.17.

Emerson Electric Price Performance

Emerson Electric stock opened at $164.54 on Friday. The business’s 50-day simple moving average is $157.06 and its 200 day simple moving average is $147.16. The stock has a market cap of $92.16 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 2.37 and a beta of 1.21. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $171.25. 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 announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. 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. As a group, research analysts anticipate that Emerson Electric Co. will post 6.56 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were paid a $0.5550 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.