Banco Santander S.A. Acquires 14,077 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Banco Santander S.A. has significantly increased its stake in Emerson Electric Co. by 500.1%, acquiring 14,077 additional shares and bringing its total to 16,892 shares valued at approximately $1.85 million.
• Several analysts have recently adjusted their price targets for Emerson Electric, with estimates ranging from $130.00 to $150.00, indicating varied outlooks with most rating it as a "Moderate Buy."
• Emerson Electric's recent quarterly earnings reported an EPS of $1.48, outperforming expectations, along with plans for a quarterly dividend of $0.5275, representing an annual yield of 1.5%.

Banco Santander S.A. boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 500.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,892 shares of the industrial products company's stock after buying an additional 14,077 shares during the quarter. Banco Santander S.A.'s holdings in Emerson Electric were worth $1,852,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. TIAA Trust National Association raised its position in Emerson Electric by 1.6% in the first quarter. TIAA Trust National Association now owns 34,381 shares of the industrial products company's stock valued at $3,769,000 after purchasing an additional 535 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in Emerson Electric by 13.7% during the 1st quarter. Baker Avenue Asset Management LP now owns 2,386 shares of the industrial products company's stock worth $262,000 after purchasing an additional 287 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Emerson Electric during the 1st quarter worth approximately $1,093,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Emerson Electric by 1,729.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 77,335 shares of the industrial products company's stock worth $8,479,000 after purchasing an additional 73,107 shares during the last quarter. Finally, Abacus Wealth Partners LLC raised its holdings in Emerson Electric by 7.2% during the 1st quarter. Abacus Wealth Partners LLC now owns 2,083 shares of the industrial products company's stock worth $228,000 after purchasing an additional 140 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EMR shares. Stephens lifted 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. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Barclays raised their price objective on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research note on Wednesday, July 9th. Finally, Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

EMR stock traded down $2.19 during midday trading on Tuesday, hitting $140.43. The company's stock had a trading volume of 5,764,959 shares, compared to its average volume of 2,900,035. The stock's 50-day moving average price is $134.13 and its 200 day moving average price is $121.41. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. 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 $78.99 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.77 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is presently 50.48%.

About Emerson Electric

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.