Summit Asset Management LLC Makes New Investment in Emerson Electric Co. $EMR

Summit Asset Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 17,867 shares of the industrial products company’s stock, valued at approximately $2,558,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in Emerson Electric in the fourth quarter worth about $1,050,040,000. Bank of America Corp DE grew its holdings in shares of Emerson Electric by 13.1% during the first quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after purchasing an additional 2,302,055 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Emerson Electric by 95.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,207,707 shares of the industrial products company’s stock worth $289,262,000 after purchasing an additional 1,079,665 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Emerson Electric by 17.8% in the 4th 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 during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings 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 purchasing an additional 928,548 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.1%

Shares of Emerson Electric stock opened at $163.07 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. The business’s fifty day moving average price is $146.32 and its two-hundred day moving average price is $143.09. The company has a market capitalization of $91.33 billion, a P/E ratio of 35.68, a PEG ratio of 2.43 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 forecast that Emerson Electric Co. will post 6.55 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s dividend payout ratio is currently 48.58%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. BNP Paribas Exane upped their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Citigroup raised their target price on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Barclays upped their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Rothschild & Co Redburn increased their price objective on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.96.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction dated 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 owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.

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.