Ameritas Advisory Services LLC Has $1.57 Million Holdings in Emerson Electric Co. $EMR

Key Points

• Ameritas Advisory Services LLC reduced its stake in Emerson Electric Co. by 14.8%, holding 11,796 shares valued at approximately $1.57 million as of its latest SEC filing.
• Several institutional investors increased their positions in Emerson Electric, with notable growth from Pacer Advisors Inc. (up 4,583.7%) and Alliancebernstein L.P. (up 218.7%) in the first quarter.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, yielding 1.6%, and has a dividend payout ratio of 45.38%.

Ameritas Advisory Services LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,796 shares of the industrial products company's stock after selling 2,055 shares during the period. Ameritas Advisory Services LLC's holdings in Emerson Electric were worth $1,573,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EMR. Nuveen LLC acquired a new position in shares of Emerson Electric during the first quarter worth $737,318,000. Pacer Advisors Inc. increased its holdings in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. increased its holdings in Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Emerson Electric by 210.8% in the first 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 purchasing an additional 1,333,839 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock valued at $1,675,403,000 after purchasing an additional 980,652 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Emerson Electric in a report on Saturday, September 27th. Daiwa Capital Markets increased their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.88.

Emerson Electric Price Performance

EMR stock opened at $134.79 on Friday. The stock has a market capitalization of $75.86 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company's 50-day moving average is $134.13 and its 200-day moving average is $124.55. 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 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 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 company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) 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.

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