American Century Companies Inc. Decreases Stock Position in Emerson Electric Co. $EMR

Key Points

• American Century Companies Inc. reduced its holdings in Emerson Electric Co. by 14.2%, owning approximately 1,018,944 shares valued at $111.7 million as of the latest SEC filing.
• A variety of hedge funds have increased their stakes in Emerson Electric, with Nuveen LLC acquiring a significant new stake valued at approximately $737.3 million in the first quarter.
• Emerson Electric reported a quarterly earnings per share of $1.52, slightly surpassing analyst estimates, while its revenue was $4.55 billion, missing projections of $4.60 billion.

American Century Companies Inc. lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,018,944 shares of the industrial products company's stock after selling 168,886 shares during the period. American Century Companies Inc. owned 0.18% of Emerson Electric worth $111,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric during the 4th quarter valued at $27,000. 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. Finally, Fourth Dimension Wealth LLC boosted its stake 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 purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Royal Bank Of Canada increased their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, KeyCorp raised their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Price Performance

Shares of EMR traded up $4.0220 during trading hours on Friday, reaching $134.1120. 1,794,595 shares of the stock traded hands, compared to its average volume of 3,154,695. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company's 50-day moving average price is $136.89 and its two-hundred day moving average price is $121.87. The company has a market cap of $75.48 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 2.55 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share 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 company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the company earned $1.43 EPS. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

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.