Kestra Advisory Services LLC Buys 10,144 Shares of Emerson Electric Co. $EMR

Kestra Advisory Services LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the third quarter, Holdings Channel reports. The firm owned 265,299 shares of the industrial products company’s stock after acquiring an additional 10,144 shares during the period. Kestra Advisory Services LLC’s holdings in Emerson Electric were worth $41,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in Emerson Electric by 9.4% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock valued at $14,563,000 after purchasing an additional 8,700 shares during the period. BlackRock Inc. bought a new position in Emerson Electric in the 2nd quarter worth approximately $6,193,425,000. Corient Private Wealth LP bought a new position in Emerson Electric in the 2nd quarter worth approximately $129,817,000. Generali Investments Management Co LLC lifted its holdings in shares of Emerson Electric by 91.2% during the second quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock worth $4,486,000 after buying an additional 14,952 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Emerson Electric by 4.0% during the second quarter. NewEdge Advisors LLC now owns 438,351 shares of the industrial products company’s stock worth $62,750,000 after buying an additional 16,806 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of several research analyst reports. TD Cowen raised their price objective on shares of Emerson Electric from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. Wall Street Zen cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore reduced 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. BNP Paribas Exane increased their price target on shares of Emerson Electric from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stephens raised their price target on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.38.

More Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Insider Activity

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 271,743 shares in the company, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.33 during mid-day trading on Friday, reaching $162.28. The stock had a trading volume of 2,646,960 shares, compared to its average volume of 2,874,288. Emerson Electric Co. has a one year low of $122.64 and a one year high of $172.00. The firm has a market cap of $90.89 billion, a PE ratio of 33.95, a P/E/G ratio of 2.31 and a beta of 1.23. The firm’s 50 day simple moving average is $157.91 and its 200 day simple moving average is $147.61. 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 quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.11 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. Emerson Electric’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 7.21 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be issued a $0.5950 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.38 annualized dividend and a yield of 1.5%. Emerson Electric’s payout ratio is presently 46.44%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.