BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Grows Stock Position in Emerson Electric Co. $EMR

Key Points

• British Columbia Investment Management Corp increased its stake in Emerson Electric Co. by 15%, owning approximately 324,303 shares worth $35.56 million after purchasing an additional 42,407 shares.
• Emerson Electric recently reported quarterly earnings of $1.52 per share, exceeding consensus estimates, along with a revenue of $4.55 billion, demonstrating a 3.9% year-over-year increase.
• The company announced a quarterly dividend of $0.5275 per share, yielding 1.6%, with a payout ratio of 45.38%, to be paid on September 10th.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 324,303 shares of the industrial products company's stock after acquiring an additional 42,407 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Emerson Electric worth $35,557,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EMR. Orion Capital Management LLC bought a new stake in Emerson Electric in the fourth quarter valued at $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $28,000. Finally, Fourth Dimension Wealth LLC boosted its holdings in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMR. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Performance

EMR traded down $1.2850 during midday trading on Monday, hitting $132.4850. 2,123,215 shares of the company traded hands, compared to its average volume of 3,890,116. 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 $74.56 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.61 and a beta of 1.32. The company's 50-day moving average is $137.13 and its 200 day moving average is $121.90. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its 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. The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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 given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend 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.