B. Metzler seel. Sohn & Co. AG Purchases 13,017 Shares of Emerson Electric Co. $EMR

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Emerson Electric Co. by 20.6%, now holding a total of 76,357 shares valued at approximately $8,372,000.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, with a dividend yield of 1.6% and a payout ratio of 45.38%.
• Brokerages have upgraded Emerson Electric's rating with several price target increases, including a new target of $155.00 from KeyCorp, indicating strong investor confidence.

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 20.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,357 shares of the industrial products company's stock after acquiring an additional 13,017 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Emerson Electric were worth $8,372,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the fourth quarter valued at about $27,000. Ameriflex Group Inc. purchased a new position in shares of Emerson Electric in the fourth quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $27,000. Finally, Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.0%

NYSE:EMR opened at $133.34 on Thursday. The company has a 50-day moving average price of $137.34 and a 200-day moving average price of $122.06. The stock has a market cap of $75.05 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.60 and a beta of 1.32. 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 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $1.43 earnings per share. Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $142.39.

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.

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