Emerson Electric Co. $EMR Position Reduced by Kornitzer Capital Management Inc. KS

by · The Markets Daily

Kornitzer Capital Management Inc. KS trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,525 shares of the industrial products company’s stock after selling 4,529 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Emerson Electric were worth $21,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EMR. BlackRock Inc. bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $6,193,425,000. State Street Corp boosted its stake in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock valued at $3,962,177,000 after buying an additional 403,957 shares in the last quarter. Bank of America Corp DE bought a new stake in Emerson Electric in the second quarter valued at $2,629,146,000. ABS Investment Management LLC bought a new stake in Emerson Electric in the second quarter valued at $858,900,000. Finally, Bank of New York Mellon Corp raised its stake 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 worth $827,478,000 after acquiring an additional 117,513 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.2%

Shares of EMR opened at $162.28 on Friday. The stock has a fifty day moving average price of $157.91 and a two-hundred day moving average price of $147.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.66 and a current ratio of 0.94. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $172.00. The company has a market cap of $90.89 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.29 and a beta of 1.23.

Emerson Electric (NYSE:EMR – Get Free Report) last announced its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Analysts predict that Emerson Electric Co. will post 7.34 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be given a $0.5950 dividend. This represents a $2.38 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 13th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. Emerson Electric’s dividend payout ratio is 46.44%.

Key Stories Impacting Emerson Electric

Here are the key news stories impacting Emerson Electric this week:

  • Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
  • Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
  • Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
  • Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
  • Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EMR. TD Cowen lifted their price objective on Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, September 25th. HSBC upped their target price on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Evercore dropped their target price on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, August 31st. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $175.38.

Check Out Our Latest Stock Report on Emerson Electric

Emerson Electric Profile

(Free Report)

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

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