16,260 Shares in Emerson Electric Co. $EMR Acquired by WBI Investments LLC

Key Points

• WBI Investments LLC has acquired 16,260 shares of Emerson Electric Co., valued at approximately $1.78 million, as part of their investment strategy in the 1st quarter.
• Emerson Electric recently declared a quarterly dividend of $0.5275, reflecting an annualized yield of 1.6%, with a payout ratio of 45.38%.
• Analyst ratings for Emerson Electric show a consensus rating of "Moderate Buy" with an average target price of $142.39, reflecting positive growth expectations.

WBI Investments LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,260 shares of the industrial products company's stock, valued at approximately $1,783,000.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after acquiring an additional 5,504 shares in the last quarter. North Capital Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth $211,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Emerson Electric in the fourth quarter worth $3,003,000. Golden State Equity Partners acquired a new stake in shares of Emerson Electric in the first quarter worth $459,000. Finally, Truist Financial Corp increased its position in shares of Emerson Electric by 1.7% in the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after acquiring an additional 18,069 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Up 1.2%

NYSE EMR opened at $133.59 on Thursday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $75.18 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.30. The company's fifty day moving average price is $137.42 and its two-hundred day moving average price is $122.59.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the firm posted $1.43 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EMR. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $142.39.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.