Boston Common Asset Management LLC Has $16.37 Million Stake in Emerson Electric Co. $EMR

Key Points

• Boston Common Asset Management LLC has reduced its stake in Emerson Electric Co. by 21.3%, leaving it with 122,805 shares valued at approximately $16.37 million as of the latest SEC filing.
• Institutional investors and hedge funds hold a significant 74.30% of Emerson Electric's stock, with several firms adjusting their positions during the second quarter, including a notable 32.8% increase by Talbot Financial LLC.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, yielding an annualized dividend of $2.11 and a dividend payout ratio of 45.38%.

Boston Common Asset Management LLC decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,805 shares of the industrial products company's stock after selling 33,241 shares during the quarter. Boston Common Asset Management LLC's holdings in Emerson Electric were worth $16,374,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Talbot Financial LLC grew its position in Emerson Electric by 32.8% during the second quarter. Talbot Financial LLC now owns 101,083 shares of the industrial products company's stock worth $13,477,000 after buying an additional 24,941 shares in the last quarter. Clarius Group LLC grew its position in Emerson Electric by 7.7% during the second quarter. Clarius Group LLC now owns 12,537 shares of the industrial products company's stock worth $1,672,000 after buying an additional 900 shares in the last quarter. Penobscot Investment Management Company Inc. grew its position in Emerson Electric by 0.7% during the second quarter. Penobscot Investment Management Company Inc. now owns 29,901 shares of the industrial products company's stock worth $3,987,000 after buying an additional 200 shares in the last quarter. LGT Fund Management Co Ltd. grew its position in Emerson Electric by 63.9% during the second quarter. LGT Fund Management Co Ltd. now owns 17,650 shares of the industrial products company's stock worth $2,353,000 after buying an additional 6,883 shares in the last quarter. Finally, Apexium Financial LP acquired a new stake in Emerson Electric during the second quarter worth approximately $220,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Up 1.3%

NYSE EMR opened at $134.79 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a market cap of $75.86 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29. The business's fifty day moving average is $134.13 and its 200 day moving average is $124.64.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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 company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the business posted $1.43 EPS. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was 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 45.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EMR shares. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Two investment 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 company. According to MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $144.88.

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.

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