Summit Global Investments Sells 57,333 Shares of Emerson Electric Co. $EMR

Summit Global Investments trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 95.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,582 shares of the industrial products company’s stock after selling 57,333 shares during the quarter. Summit Global Investments’ holdings in Emerson Electric were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EMR. Vanguard Group Inc. increased its stake in shares of Emerson Electric by 1.3% in the second quarter. Vanguard Group Inc. now owns 54,129,898 shares of the industrial products company’s stock valued at $7,217,139,000 after buying an additional 695,105 shares during the period. State Street Corp increased its position in Emerson Electric by 3.0% during the 2nd quarter. State Street Corp now owns 27,053,019 shares of the industrial products company’s stock valued at $3,606,979,000 after purchasing an additional 784,987 shares during the period. JPMorgan Chase & Co. raised its holdings in Emerson Electric by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after purchasing an additional 5,371,585 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock worth $1,610,958,000 after purchasing an additional 89,192 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after purchasing an additional 1,499,000 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.4%

Shares of Emerson Electric stock opened at $147.04 on Monday. The stock has a market capitalization of $82.68 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $152.50. The stock has a 50 day moving average price of $139.49 and a two-hundred day moving average price of $135.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.62. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same period last year, the business earned $1.48 EPS. Emerson Electric’s quarterly revenue was up 5.1% compared to the same quarter last year. Emerson Electric has set its FY 2026 guidance at 6.350-6.550 EPS and its Q1 2026 guidance at 1.400-1.400 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric announced that its board has approved a share repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $0.555 dividend. The ex-dividend date was Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 54.95%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. The trade was a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Emerson Electric from $145.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Royal Bank Of Canada dropped their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Evercore ISI initiated coverage on Emerson Electric in a research note on Monday, December 15th. They issued an “outperform” rating and a $170.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $154.76.

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.