Ancora Advisors LLC Buys 2,712 Shares of Emerson Electric Co. $EMR

Key Points

• Ancora Advisors LLC increased its stake in Emerson Electric Co. by 113.4% in the first quarter, bringing its total to 5,103 shares, valued at approximately $560,000.
• Emerson Electric recently reported quarterly earnings of $1.52 EPS, slightly exceeding the consensus estimate, with a year-over-year revenue growth of 3.9% despite a revenue of $4.55 billion, which fell short of expectations.
• The company declared a quarterly dividend of $0.5275 per share, representing an annualized dividend yield of 1.6%, with a payout ratio currently at 45.38%.

Ancora Advisors LLC lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 113.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,103 shares of the industrial products company's stock after buying an additional 2,712 shares during the quarter. Ancora Advisors LLC's holdings in Emerson Electric were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Saudi Central Bank acquired a new position in Emerson Electric in the first quarter valued at approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric in the 1st quarter valued at approximately $27,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $3.99 during trading hours on Thursday, hitting $137.66. 2,678,487 shares of the company's stock were exchanged, compared to its average volume of 2,542,352. The company's 50-day moving average price is $137.43 and its 200-day moving average price is $122.71. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year 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. The stock has a market capitalization of $77.48 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.60 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly 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 firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric's dividend payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EMR shares. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Bank of America increased 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. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $142.39.

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.