Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Emerson Electric Co. $EMR - MarketBeat
📈 Northwestern Mutual Wealth Management increased its Emerson Electric stake by 2.4% in Q2, adding 10,759 shares to a total holding of 468,029 shares.
💰 The company reported quarterly EPS of $1.71, beating the consensus estimate of $1.68.
📊 Revenue reached $4.87 billion, exceeding analyst expectations of $4.80 billion for the quarter.
🔮 Emerson reaffirmed its fiscal 2026 EPS guidance at $6.55 per share.
💵 The company declared a quarterly dividend of $0.555 per share with an annualized yield of 1.5%.
📉 CEO Surendralal Lanca Karsanbhai sold 9,650 shares in a transaction valued at approximately $1.56 million.
🏦 Institutional investors own 74.3% of the company's total outstanding stock.
📈 JPMorgan Chase upgraded Emerson Electric from 'neutral' to 'overweight' with a $157 price target.
🚀 HSBC raised its price target on Emerson Electric from $170 to $180 in a recent research report.
📉 Wells Fargo increased its price objective from $135 to $155 while maintaining an 'equal weight' rating.
📊 The stock trades at a PE ratio of 32.31 with a market capitalization of $82.70 billion.
📉 Revenue growth was flat year-over-year at 0% compared to the same quarter last year.
- Emerson Electric reported quarterly EPS of $1.71, exceeding the consensus estimate of $1.68 by $0.03.
- Revenue reached $4.87 billion, surpassing analyst expectations of $4.80 billion for the quarter.
- The company reaffirmed its fiscal 2026 EPS guidance at $6.55, demonstrating management confidence in future performance.
- Northwestern Mutual Wealth Management increased its stake by 2.4% in Q2, adding 10,759 shares to its holdings.
- JPMorgan Chase upgraded the stock from 'neutral' to 'overweight' and set a $157 price objective.
- HSBC boosted its price target on Emerson Electric from $170.00 to $180.00 in a recent research report.
- Wells Fargo increased its price objective from $135.00 to $155.00 following the earnings release.
- The company declared a quarterly dividend of $0.555 per share, offering an annualized yield of 1.5%.
- CEO Surendralal Lanca Karsanbhai sold 9,650 shares in a transaction valued at approximately $1.56 million.
- Revenue growth was flat year-over-year at 0% compared to the same quarter last year.