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

Glenview Trust Co increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 178,046 shares of the industrial products company’s stock after purchasing 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.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Emerson Electric in the 2nd quarter worth approximately $6,193,425,000. Bank of America Corp DE acquired a new position in shares of Emerson Electric during the second quarter worth approximately $2,629,146,000. Bank of New York Mellon Corp bought a new stake in shares of Emerson Electric in the second quarter valued at approximately $659,000,000. Legal & General Group Plc bought a new stake in shares of Emerson Electric in the second quarter valued at approximately $613,846,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Emerson Electric in the second quarter worth $260,485,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $164.54 on Friday. The stock has a 50 day moving average of $157.06 and a two-hundred day moving average of $147.16. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $171.25. The company has a market capitalization of $92.16 billion, a P/E ratio of 36.00, a P/E/G ratio of 2.37 and a beta of 1.21.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.03. The company had revenue of $4.87 billion for 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%. Emerson Electric’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. 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, equities analysts expect that Emerson Electric Co. will post 6.56 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 14th were paid a dividend of $0.5550 per share. The ex-dividend date was Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.3%. Emerson Electric’s payout ratio is currently 48.58%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s 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 sale, the chief executive officer owned 271,743 shares of the company’s stock, 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 SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. Stephens boosted their target price on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. 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. KeyCorp decreased their price target on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Morgan Stanley boosted their price objective on shares of Emerson Electric from $135.00 to $145.00 and gave the stock an “underweight” rating in a report on Monday, October 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $179.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $172.17.

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.