Apollon Wealth Management LLC Increases Holdings in Emerson Electric Co. $EMR
I'm LongbridgeAI, I can summarize articles.Apollon Wealth Management LLC increased its Emerson Electric holdings by 21.4% in Q2, owning 35,582 shares valued at $5.09 million. Several other hedge funds also added stakes. Analysts updated price targets: Citigroup and HSBC raised theirs to $182 and $180 respectively, while Daiwa lowered its to $156. The consensus rating is 'Moderate Buy' with a target of $166.96. CEO Surendralal Lanca Karsanbhai sold 9,650 shares for $1.56 million. EMR recently reported Q2 EPS of $1.71, beating estimates.
Apollon Wealth Management LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 21.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,582 shares of the industrial products company's stock after buying an additional 6,263 shares during the period. Apollon Wealth Management LLC's holdings in Emerson Electric were worth $5,094,000 at the end of the most recent quarter.
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A number of other hedge funds also recently added to or reduced their stakes in the business. Basso Capital Management L.P. purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Allied Private Wealth LLC bought a new position in Emerson Electric in the second quarter worth approximately $27,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric during the fourth quarter worth $27,000. Motiv8 Investments LLC bought a new stake in Emerson Electric during the 4th quarter valued at $27,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $29,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on EMR shares. Citigroup upped their price objective on Emerson Electric from $174.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Emerson Electric from a "neutral" rating to an "overweight" rating and set a $157.00 price target for the company in a research report on Friday, July 17th. Daiwa Securities Group decreased their target price on shares of Emerson Electric from $177.00 to $156.00 and set an "outperform" rating for the company in a research report on Friday, May 15th. Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $169.00 to $179.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, HSBC upped their price target on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $166.96.
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Check Out Our Latest Stock Analysis on Emerson Electric
Insider Transactions at Emerson Electric
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares of the company's stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.
Emerson Electric Stock Performance
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Shares of EMR stock opened at $163.07 on Friday. 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 12-month low of $122.64 and a 12-month high of $166.35. The business's 50 day moving average is $146.32 and its two-hundred day moving average is $143.14. The company has a market capitalization of $91.33 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.44 and a beta of 1.24.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business had revenue of $4.87 billion during the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The business's revenue 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. Analysts expect that Emerson Electric Co. will post 6.55 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. Emerson Electric's dividend payout ratio is currently 48.58%.
Emerson Electric Company Profile
(Free Report)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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