Glenview Trust Co Sells 5,790 Shares of Emerson Electric Co. $EMR
by Amy Steele · The Cerbat GemGlenview Trust Co decreased its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,096 shares of the industrial products company’s stock after selling 5,790 shares during the period. Glenview Trust Co’s holdings in Emerson Electric were worth $8,241,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Ares Financial Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth about $29,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the second quarter worth about $29,000. Steph & Co. bought a new stake in Emerson Electric during the fourth quarter worth about $33,000. Wealth Watch Advisors INC bought a new stake in Emerson Electric during the third quarter worth about $33,000. Finally, Strategic Wealth Advisors LLC bought a new stake in Emerson Electric during the fourth quarter worth about $41,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Trading Up 0.1%
Shares of NYSE EMR opened at $136.51 on Monday. The firm’s 50 day moving average price is $136.41 and its 200-day moving average price is $139.35. The company has a market cap of $76.46 billion, a PE ratio of 31.53, a P/E/G ratio of 2.18 and a beta of 1.26. Emerson Electric Co. has a 52-week low of $114.91 and a 52-week high of $165.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87.
Emerson Electric (NYSE:EMR – Get Free Report) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.59 billion. Emerson Electric had a net margin of 13.35% and a return on equity of 17.18%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Emerson Electric has set its FY 2026 guidance at 6.450-6.550 EPS and its Q3 2026 guidance at 1.650-1.700 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 6.49 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s payout ratio is presently 51.27%.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at $40,047,851.76. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.
Wall Street Analyst Weigh In
EMR has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Barclays boosted their price objective on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a research note on Thursday, February 5th. BMO Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of “Hold” and an average price target of $163.24.
Get Our Latest Research Report on EMR
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.
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