Amundi Raises Stock Position in Emerson Electric Co. $EMR

Key Points

• Amundi increased its stake in Emerson Electric Co. by 6.7%, owning approximately $240.08 million worth of the company's stock after acquiring additional shares in the first quarter.
• Emerson Electric reported $1.52 earnings per share, surpassing expectations and reflecting a 3.9% increase in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.5275 per share, with a 1.6% yield, to be paid on September 10th.

Amundi lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,356,305 shares of the industrial products company's stock after buying an additional 146,933 shares during the quarter. Amundi owned about 0.42% of Emerson Electric worth $240,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EMR. Nuveen LLC bought a new stake in Emerson Electric in the first quarter worth $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after buying an additional 2,138,397 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Emerson Electric by 210.8% in the 1st 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 acquiring an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EMR. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company upped their target price 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 issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Up 1.5%

NYSE EMR traded up $1.98 on Wednesday, reaching $134.03. 755,185 shares of the stock traded hands, compared to its average volume of 3,115,837. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a market cap of $75.43 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.59 and a beta of 1.30. The company has a fifty day moving average price of $137.50 and a 200-day moving average price of $122.52. 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 (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.43 EPS. The firm's quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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