Bank of Nova Scotia Sells 20,550 Shares of Emerson Electric Co. $EMR

Bank of Nova Scotia lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 20.7% in the first quarter, HoldingsChannel reports. The fund owned 78,911 shares of the industrial products company’s stock after selling 20,550 shares during the period. Bank of Nova Scotia’s holdings in Emerson Electric were worth $10,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Emerson Electric during the fourth quarter worth $1,050,040,000. Bank of New York Mellon Corp grew its holdings in shares of Emerson Electric by 17.8% in the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock valued at $822,618,000 after acquiring an additional 938,051 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Emerson Electric by 14.8% in the fourth quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock valued at $954,405,000 after acquiring an additional 928,548 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Emerson Electric by 97.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,707,873 shares of the industrial products company’s stock worth $227,783,000 after acquiring an additional 843,526 shares in the last quarter. Finally, Boston Partners boosted its position in Emerson Electric by 34.0% during the third quarter. Boston Partners now owns 2,860,894 shares of the industrial products company’s stock valued at $375,547,000 after purchasing an additional 726,477 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.0%

Shares of EMR opened at $147.94 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.64 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 $165.15. The firm’s 50 day moving average is $140.81 and its 200-day moving average is $142.06. The stock has a market capitalization of $82.86 billion, a PE ratio of 34.17, a P/E/G ratio of 2.36 and a beta of 1.25.

Emerson Electric (NYSE:EMR) last released 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. Emerson Electric had a return on equity of 17.18% and a net margin of 13.35%.The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the prior year, the firm posted $1.48 EPS. Emerson Electric’s quarterly revenue was up 2.9% on a year-over-year basis. 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. Equities research analysts forecast that Emerson Electric Co. will post 6.49 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s payout ratio is currently 51.27%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Barclays upped their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Daiwa Securities Group cut their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $162.36.

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.