Soltis Investment Advisors LLC increased its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 66.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,628 shares of the industrial products company’s stock after purchasing an additional 4,224 shares during the period. Soltis Investment Advisors LLC’s holdings in Emerson Electric were worth $1,648,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. United Asset Strategies Inc. boosted its stake in shares of Emerson Electric by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 7,040 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 69 shares during the last quarter. Choreo LLC boosted its holdings in Emerson Electric by 4.1% during the third quarter. Choreo LLC now owns 40,202 shares of the industrial products company’s stock worth $6,235,000 after buying an additional 1,601 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in Emerson Electric by 23.4% during the 3rd quarter. Interchange Capital Partners LLC now owns 4,440 shares of the industrial products company’s stock worth $690,000 after acquiring an additional 841 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $141,000. Finally, TOWER TRUST & INVESTMENT Co increased its holdings in shares of Emerson Electric by 0.8% in the third quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company’s stock worth $1,278,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Evercore cut their price objective on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, August 31st. Citigroup increased their target price on Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. DA Davidson lifted their price target on Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. upped their price objective on Emerson Electric from $169.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $169.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.17.
Read Our Latest Stock Report on EMR
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated Tuesday, August 11th. The stock was 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 approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.
Emerson Electric Stock Performance
Shares of EMR stock opened at $164.54 on Friday. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $171.25. The company’s fifty day simple moving average is $157.06 and its 200-day simple moving average is $147.16. The firm has a market cap of $92.16 billion, a PE ratio of 36.00, a P/E/G ratio of 2.37 and a beta of 1.21. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the firm earned $1.52 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. 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. Equities research analysts expect that Emerson Electric Co. will post 6.56 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently disclosed 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. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Emerson Electric’s dividend payout ratio is currently 48.58%.
Emerson Electric Company Profile
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.
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