ABC Arbitrage SA Invests $1.30 Million in Emerson Electric Co. (NYSE:EMR)

Key Points

• ABC Arbitrage SA invested approximately $1.30 million to acquire 11,895 shares of Emerson Electric Co. in the first quarter.
• Institutional investors and hedge funds now own 74.30% of Emerson Electric's stock, indicating significant interest from large investment firms.
• Emerson Electric recently reported a quarterly EPS of $1.48, exceeding analysts’ expectations of $1.41, with a revenue of $4.43 billion.

ABC Arbitrage SA acquired 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 & Exchange Commission. The firm acquired 11,895 shares of the industrial products company's stock, valued at approximately $1,304,000.

Other hedge funds also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in 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 acquiring an additional 2,946,310 shares in the last quarter. Pacer Advisors Inc. lifted its position in Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after acquiring an additional 1,333,839 shares in the last quarter. GAMMA Investing LLC increased its stake in Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after buying an additional 1,117,646 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Emerson Electric by 230,061.8% in the 4th quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company's stock valued at $101,545,000 after buying an additional 819,020 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

EMR opened at $140.43 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market capitalization of $78.99 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.77 and a beta of 1.32. The company's 50-day simple moving average is $134.52 and its two-hundred day simple moving average is $121.55. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the prior year, the business earned $1.36 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $142.28.

About Emerson Electric

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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