Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Emerson Electric Co. (NYSE:EMR). In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Emerson Electric stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
- Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
- Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
- Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
- Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
- Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.
Emerson Electric Price Performance
Shares of EMR traded down $3.52 during mid-day trading on Friday, hitting $108.56. The company’s stock had a trading volume of 3,085,360 shares, compared to its average volume of 2,813,187. The firm has a 50-day simple moving average of $120.75 and a 200 day simple moving average of $119.47. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm has a market capitalization of $61.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.
Institutional Investors Weigh In On Emerson Electric
A number of large investors have recently added to or reduced their stakes in EMR. Norges Bank purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock valued at $374,581,000 after purchasing an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric in the fourth quarter worth $297,947,000. Boston Partners grew its holdings in Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after acquiring an additional 1,913,120 shares in the last quarter. Finally, State Street Corp grew its stake in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Barclays reduced their price target on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.94.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Emerson Electric Company Profile
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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