1832 Asset Management L.P. Grows Stock Position in Emerson Electric Co. $EMR

Key Points

• 1832 Asset Management L.P. increased its stake in Emerson Electric Co. by 35.7%, acquiring an additional 275,953 shares, bringing its total holdings to 1,049,695 shares worth approximately $115 million.
• Emerson Electric recently declared a dividend of $0.5275 per share, resulting in an annualized dividend of $2.11 with a yield of 1.6%.
• Brokerages have raised their price targets for Emerson Electric, with KeyCorp setting a new target of $155.00, highlighting a generally positive outlook on the company's stock.

1832 Asset Management L.P. lifted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 35.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049,695 shares of the industrial products company's stock after acquiring an additional 275,953 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.19% of Emerson Electric worth $115,089,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in EMR. Brighton Jones LLC grew its position in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares during the period. Jump Financial LLC bought a new position in Emerson Electric during the fourth quarter valued at about $249,000. Price T Rowe Associates Inc. MD grew its position in Emerson Electric by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,512,836 shares of the industrial products company's stock valued at $187,487,000 after buying an additional 69,467 shares during the period. Sompo Asset Management Co. Ltd. bought a new position in Emerson Electric during the fourth quarter valued at about $504,000. Finally, Integrated Wealth Concepts LLC raised its stake in Emerson Electric by 10.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 22,235 shares of the industrial products company's stock valued at $2,756,000 after acquiring an additional 2,113 shares during the period. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

NYSE EMR traded down $1.2850 on Monday, reaching $132.4850. 2,123,215 shares of the company's stock traded hands, compared to its average volume of 3,160,060. 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 stock has a 50-day simple moving average of $137.06 and a 200 day simple moving average of $121.85. The stock has a market cap of $74.56 billion, a PE ratio of 28.49, a P/E/G ratio of 2.61 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $4.60 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business's revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's payout ratio is currently 45.38%.

Analyst Ratings Changes

A number of brokerages have weighed in on EMR. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Robert W. Baird reduced their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently 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.