Bahl & Gaynor Inc. Buys 9,021 Shares of Emerson Electric Co. $EMR

Key Points

• Bahl & Gaynor Inc. increased its stake in Emerson Electric Co. by 5.8%, purchasing an additional 9,021 shares, resulting in total holdings valued at $18.1 million.
• Analysts have mixed sentiments regarding Emerson Electric's stock, with price targets ranging from $125.00 to $165.00, and a consensus rating of "Moderate Buy".
• Emerson Electric declared a quarterly dividend of $0.5275 per share, representing a yield of 1.6%, with an upcoming payment date set for September 10th.

Bahl & Gaynor Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,334 shares of the industrial products company's stock after buying an additional 9,021 shares during the quarter. Bahl & Gaynor Inc.'s holdings in Emerson Electric were worth $18,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Emerson Electric by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 405,663 shares of the industrial products company's stock worth $44,477,000 after purchasing an additional 16,425 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Emerson Electric by 15.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 324,303 shares of the industrial products company's stock worth $35,557,000 after acquiring an additional 42,407 shares in the last quarter. Groupe la Francaise raised its position in Emerson Electric by 16.4% in the first quarter. Groupe la Francaise now owns 94,967 shares of the industrial products company's stock worth $10,644,000 after acquiring an additional 13,363 shares in the last quarter. Van Hulzen Asset Management LLC raised its position in Emerson Electric by 36.2% in the first quarter. Van Hulzen Asset Management LLC now owns 2,270 shares of the industrial products company's stock worth $249,000 after acquiring an additional 603 shares in the last quarter. Finally, Compound Planning Inc. increased its stake in Emerson Electric by 1.6% in the 1st quarter. Compound Planning Inc. now owns 7,426 shares of the industrial products company's stock worth $814,000 after purchasing an additional 119 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE:EMR traded up $1.16 during trading hours on Thursday, reaching $134.61. The company had a trading volume of 3,404,604 shares, compared to its average volume of 3,151,552. The stock has a 50-day moving average of $137.34 and a two-hundred day moving average of $122.06. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $75.76 billion, a PE ratio of 28.95, a PEG ratio of 2.60 and a beta of 1.32. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 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 analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.5275 dividend. 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 dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.