Banco Bilbao Vizcaya Argentaria S.A. Has $2.85 Million Stake in Emerson Electric Co. $EMR

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Emerson Electric Co. by 85.0% in the 1st quarter, resulting in a holding worth approximately $2.85 million.
• Wall Street analysts have shown optimism, with several upgrading Emerson Electric's stock rating and adjusting target prices, indicating a consensus rating of Moderate Buy.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, reflecting an annualized dividend yield of 1.6%.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 85.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,955 shares of the industrial products company's stock after buying an additional 11,926 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Emerson Electric were worth $2,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP grew its position in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after buying an additional 980,652 shares during the period. JPMorgan Chase & Co. grew its position in shares of Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after buying an additional 611,105 shares during the period. Nuveen LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $737,318,000. Northern Trust Corp grew its position in shares of Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after buying an additional 370,560 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Emerson Electric by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after purchasing an additional 339,355 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EMR shares. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Royal Bank Of Canada increased 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. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Barclays upgraded 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $129.9810 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock's fifty day simple moving average is $136.89 and its two-hundred day simple moving average is $121.87. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a market cap of $73.15 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.55 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. During the same period last year, the business earned $1.43 EPS. The business's revenue was up 3.9% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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