126,322 Emerson Electric Co. $EMR Shares Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Emerson Electric stake by 26.7%, adding 126,322 shares in the third quarter to reach 599,976 shares, valued at about $95.1 million.
• Analyst sentiment is generally positive: Emerson has a consensus “Moderate Buy” rating and an average price target of $175.38, with several firms recently raising their targets.
• Emerson slightly beat quarterly earnings and revenue estimates, and raised its quarterly dividend from $0.555 to $0.595 per share.

Allspring Global Investments Holdings LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 599,976 shares of the industrial products company's stock after acquiring an additional 126,322 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of Emerson Electric worth $95,138,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EMR. BlackRock Inc. bought a new position in Emerson Electric in the 2nd quarter worth about $6,193,425,000. State Street Corp grew its holdings in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company's stock worth $3,962,177,000 after buying an additional 403,957 shares in the last quarter. Bank of America Corp DE bought a new position in Emerson Electric in the 2nd quarter worth approximately $2,629,146,000. ABS Investment Management LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at approximately $858,900,000. Finally, Bank of New York Mellon Corp increased its position in Emerson Electric by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company's stock valued at $827,478,000 after acquiring an additional 117,513 shares during the period. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price target on Emerson Electric from $188.00 to $196.00 and gave the stock an "outperform" rating in a research report on Thursday, November 5th. JPMorgan Chase & Co. raised their price target on Emerson Electric from $169.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, October 9th. KeyCorp lifted their price objective on shares of Emerson Electric from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 5th. BNP Paribas Exane upped their price objective on shares of Emerson Electric from $185.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, November 5th. Finally, TD Cowen increased their target price on shares of Emerson Electric from $150.00 to $170.00 and gave the company a "hold" rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.38.

Emerson Electric Trading Up 4.4%

Shares of Emerson Electric stock opened at $169.56 on Tuesday. The business has a fifty day simple moving average of $158.19 and a 200-day simple moving average of $147.71. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The firm has a market cap of $94.97 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Emerson Electric's revenue was up .0% compared to the same quarter last year. On average, equities analysts forecast that Emerson Electric Co. will post 7.34 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a dividend of $0.5950 per share. The ex-dividend date is Friday, November 13th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. Emerson Electric's payout ratio is 46.44%.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

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