WealthPlan Investment Management LLC Sells 6,759 Shares of Emerson Electric Co. $EMR

WealthPlan Investment Management LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 23.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 22,420 shares of the industrial products company’s stock after selling 6,759 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Emerson Electric were worth $3,477,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Emerson Electric during the 2nd quarter worth $6,193,425,000. State Street Corp grew its position in Emerson Electric by 1.5% in the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock worth $3,962,177,000 after acquiring an additional 403,957 shares in the last quarter. Bank of America Corp DE bought a new position in Emerson Electric in the second quarter valued at $2,629,146,000. ABS Investment Management LLC bought a new position in Emerson Electric in the second quarter valued at $858,900,000. Finally, Bank of New York Mellon Corp raised its position in Emerson Electric by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after purchasing an additional 117,513 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMR. Evercore dropped their price target on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, August 31st. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Wells Fargo & Company initiated coverage on Emerson Electric in a research report on Friday, September 25th. They issued an “overweight” rating and a $177.00 target price for the company. Royal Bank Of Canada upped their target price on Emerson Electric from $179.00 to $188.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, KeyCorp cut their price objective on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

Emerson Electric Trading Down 0.6%

EMR stock traded down $0.92 during midday trading on Thursday, hitting $160.16. The company had a trading volume of 1,073,802 shares, compared to its average volume of 2,946,638. 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 52 week low of $122.64 and a 52 week high of $166.35. The stock’s 50 day moving average price is $156.13 and its 200 day moving average price is $146.39. The stock has a market cap of $89.70 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.26 and a beta of 1.21.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $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 research analysts expect that Emerson Electric Co. will post 6.55 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were paid a dividend of $0.5550 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s payout ratio is presently 48.58%.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that provides products, software and services for industrial, commercial and residential applications. Its offerings help customers automate processes, measure and control operations, improve equipment performance, and manage complex industrial systems.

The company’s portfolio includes process-control and automation systems, industrial software, measurement and analytical instruments, control valves, regulators, electrical equipment, and related services.