Brooklyn Investment Group Buys 3,470 Shares of Emerson Electric Co. $EMR

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Brooklyn Investment Group boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 272.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,744 shares of the industrial products company's stock after buying an additional 3,470 shares during the quarter. Brooklyn Investment Group's holdings in Emerson Electric were worth $520,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter worth approximately $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after purchasing an additional 2,946,310 shares during the period. Pacer Advisors Inc. boosted its position in shares of Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after acquiring an additional 2,138,397 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after acquiring an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after acquiring an additional 1,117,646 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Trading Up 2.7%

Shares of EMR traded up $3.5360 during midday trading on Friday, hitting $133.6260. The stock had a trading volume of 3,643,223 shares, compared to its average volume of 3,837,648. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm has a market cap of $75.20 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock's 50 day moving average is $137.06 and its 200 day moving average is $121.91.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results 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 net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business's revenue for the quarter 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 company 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 $0.5275 dividend. 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 currently 45.38%.

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.