Ameriprise Financial Inc. Increases Holdings in Emerson Electric Co. $EMR

Key Points

• Ameriprise Financial Inc. increased its stake in Emerson Electric Co. by 2.3%, now owning 1,020,815 shares valued at approximately $111.91 million.
• Equities research analysts have mixed opinions on Emerson Electric, with Citigroup raising its price target to $165.00 while Robert W. Baird lowered theirs to $130.00, resulting in an average rating of "Moderate Buy."
• Emerson Electric announced a quarterly dividend of $0.5275, representing an annualized yield of 1.6% and a payout ratio of 45.38%.

Ameriprise Financial Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,020,815 shares of the industrial products company's stock after purchasing an additional 23,156 shares during the period. Ameriprise Financial Inc. owned approximately 0.18% of Emerson Electric worth $111,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the first quarter worth $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at $28,000. Finally, Fourth Dimension Wealth LLC grew its holdings in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the subject of several research reports. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company raised their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Down 1.8%

NYSE:EMR traded down $2.38 during midday trading on Friday, reaching $132.17. 1,222,739 shares of the stock traded hands, compared to its average volume of 3,147,400. The business has a 50-day moving average of $137.47 and a two-hundred day moving average of $122.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock has a market capitalization of $74.39 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.60 and a beta of 1.32.

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 business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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 dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend 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.