AG2R LA Mondiale Gestion D Actifs Takes Position in Emerson Electric Co. $EMR

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Emerson Electric Co., purchasing 21,765 shares valued at approximately $2.6 million.
• Emerson Electric reported quarterly earnings of $1.52 EPS, slightly surpassing analysts' expectations, with revenue totaling $4.55 billion.
• The company recently declared a quarterly dividend of $0.5275, equating to an annualized yield of 1.6% and a payout ratio of 45.38%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,765 shares of the industrial products company's stock, valued at approximately $2,598,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in Emerson Electric by 12.2% during the first quarter. Swedbank AB now owns 2,846,978 shares of the industrial products company's stock worth $312,143,000 after acquiring an additional 309,078 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of Emerson Electric by 26.4% in the first quarter. Modern Wealth Management LLC now owns 3,852 shares of the industrial products company's stock valued at $422,000 after purchasing an additional 804 shares during the last quarter. Strs Ohio acquired a new position in shares of Emerson Electric in the first quarter valued at $27,934,000. Jacobi Capital Management LLC increased its holdings in shares of Emerson Electric by 2.0% in the first quarter. Jacobi Capital Management LLC now owns 24,292 shares of the industrial products company's stock valued at $2,663,000 after purchasing an additional 474 shares during the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of Emerson Electric by 0.7% in the first quarter. Advisors Capital Management LLC now owns 81,793 shares of the industrial products company's stock valued at $8,968,000 after purchasing an additional 565 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Wells Fargo & Company upped their price objective 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. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Stephens upped their price objective 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. Finally, Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Up 0.6%

NYSE EMR traded up $0.77 during trading hours on Thursday, reaching $131.77. The company's stock had a trading volume of 1,263,929 shares, compared to its average volume of 3,125,974. The firm has a fifty day simple moving average of $136.96 and a 200-day simple moving average of $123.06. The stock has a market cap of $74.16 billion, a P/E ratio of 28.36, a P/E/G ratio of 2.51 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week 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.

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

Emerson Electric Dividend Announcement

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

Emerson Electric 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.