LPL Financial LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,183,268 shares of the industrial products company’s stock after selling 9,289 shares during the period. LPL Financial LLC’s holdings in Emerson Electric were worth $157,043,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in EMR. Norges Bank bought a new stake in Emerson Electric in the fourth quarter worth approximately $1,050,040,000. Ameriprise Financial Inc. increased its holdings in Emerson Electric by 185.7% in the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock worth $418,730,000 after purchasing an additional 2,075,425 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Emerson Electric by 20.6% in the third quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after purchasing an additional 1,069,122 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Emerson Electric by 17.8% in the fourth quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock worth $822,618,000 after purchasing an additional 938,051 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Emerson Electric by 13.5% in the third quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock worth $945,227,000 after purchasing an additional 859,171 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on EMR. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Royal Bank Of Canada lifted their target price on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. BMO Capital Markets lifted their target price on Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group started coverage on Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price objective for the company. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.77.
Emerson Electric Trading Down 3.7%
NYSE EMR opened at $137.16 on Thursday. The company has a market cap of $76.82 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 2.27 and a beta of 1.25. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $165.15. The business has a 50 day moving average price of $139.29 and a 200-day moving average price of $140.35. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.59 billion. Emerson Electric had a return on equity of 17.18% and a net margin of 13.35%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share. Emerson Electric has set its FY 2026 guidance at 6.450-6.550 EPS and its Q3 2026 guidance at 1.650-1.700 EPS. As a group, equities analysts expect that Emerson Electric Co. will post 6.49 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is 51.27%.
About Emerson Electric
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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