King Luther Capital Management Corp Sells 21,195 Shares of Emerson Electric Co. $EMR
by Scott Moore · The Cerbat GemKing Luther Capital Management Corp trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,993,003 shares of the industrial products company’s stock after selling 21,195 shares during the period. Emerson Electric accounts for approximately 1.1% of King Luther Capital Management Corp’s holdings, making the stock its 21st largest holding. King Luther Capital Management Corp’s holdings in Emerson Electric were worth $264,511,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Emerson Electric in the first quarter valued at about $232,000. Caxton Associates LLP acquired a new position in Emerson Electric during the 1st quarter worth about $275,000. Sivia Capital Partners LLC bought a new stake in Emerson Electric during the 2nd quarter worth about $203,000. Finally, Jump Financial LLC increased its position in Emerson Electric by 121.5% in the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after acquiring an additional 5,783 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the transaction, the chief executive officer owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.
Analyst Ratings Changes
EMR has been the topic of a number of research reports. HSBC upped their target price on shares of Emerson Electric from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft cut shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a research report on Thursday, February 5th. Oppenheimer reiterated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, January 27th. Citigroup lifted their target price on Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $163.24.
Emerson Electric Trading Up 3.3%
EMR opened at $140.99 on Wednesday. The firm has a 50 day simple moving average of $136.67 and a 200 day simple moving average of $139.40. Emerson Electric Co. has a fifty-two week low of $117.16 and a fifty-two week high of $165.15. The company has a market cap of $78.97 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Tuesday, May 5th. The industrial products company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.59 billion. Emerson Electric had a net margin of 13.35% and a return on equity of 17.18%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 EPS. 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, sell-side analysts anticipate that Emerson Electric Co. will post 6.49 earnings per share for the current year.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 15th. Emerson Electric’s dividend payout ratio is currently 51.27%.
Emerson Electric Company Profile
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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