Aberdeen Group plc Acquires 31,015 Shares of Emerson Electric Co. $EMR

Key Points

• Aberdeen Group plc increased its stake in Emerson Electric Co. by 4.7%, acquiring an additional 31,015 shares, bringing its total ownership to approximately 689,139 shares.
• Emerson Electric has received several positive ratings upgrades from analysts, with price targets raised to between $145.00 and $165.00, indicating strong support for the stock.
• The company announced a quarterly dividend of $0.5275 per share, equating to an annual dividend yield of 1.7%, with a payout ratio of 45.38%.

Aberdeen Group plc lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 689,139 shares of the industrial products company's stock after purchasing an additional 31,015 shares during the period. Aberdeen Group plc owned about 0.12% of Emerson Electric worth $91,938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Saudi Central Bank purchased a new stake in Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC boosted its position in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the period. Finally, Garde Capital Inc. purchased a new stake in Emerson Electric during the 1st quarter valued at $36,000. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on EMR shares. Stephens increased 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 report on Wednesday, July 16th. Citigroup increased their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Emerson Electric in a research report on Wednesday. Finally, KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $144.29.

Emerson Electric Stock Down 4.2%

Shares of Emerson Electric stock opened at $125.99 on Friday. 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 50-day moving average of $132.66 and a 200 day moving average of $125.25. The firm has a market cap of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

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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