Canada Pension Plan Investment Board Increases Stake in Emerson Electric Co. $EMR

Key Points

• The Canada Pension Plan Investment Board increased its stake in Emerson Electric Co. by 87.0%, owning 454,863 shares after purchasing an additional 211,556 shares during the first quarter.
• Emerson Electric reported earnings of $1.52 per share, slightly exceeding estimates, with quarterly revenue of $4.55 billion, a 3.9% increase year-over-year.
• The company declared a quarterly dividend of $0.5275 per share, with a dividend yield of 1.6%, set to be paid on September 10th.

Canada Pension Plan Investment Board raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 87.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,863 shares of the industrial products company's stock after buying an additional 211,556 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.08% of Emerson Electric worth $49,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hohimer Wealth Management LLC lifted its position in Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after acquiring an additional 95 shares during the period. Clearstead Trust LLC grew its position in Emerson Electric by 7.4% in the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock valued at $154,000 after buying an additional 97 shares during the last quarter. One Wealth Advisors LLC increased its stake in Emerson Electric by 5.7% in the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock valued at $202,000 after buying an additional 99 shares during the period. J. W. Coons Advisors LLC lifted its stake in shares of Emerson Electric by 0.8% in the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock worth $1,425,000 after acquiring an additional 100 shares during the period. Finally, Flagship Wealth Advisors LLC boosted its holdings in shares of Emerson Electric by 4.0% in the first quarter. Flagship Wealth Advisors LLC now owns 2,600 shares of the industrial products company's stock valued at $285,000 after acquiring an additional 100 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. Bank of America raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird reduced their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Price Performance

NYSE:EMR traded up $2.88 during trading hours on Thursday, reaching $132.38. 1,451,731 shares of the company traded hands, compared to its average volume of 3,135,102. 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 $74.50 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.58 and a beta of 1.30. The firm's 50-day moving average is $137.60 and its 200-day moving average is $122.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.60 billion. During the same quarter last year, the company earned $1.43 earnings per share. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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