CTC Alternative Strategies Ltd. Invests $373,000 in Emerson Electric Co. $EMR

Key Points

• CTC Alternative Strategies Ltd. purchased a new stake in Emerson Electric Co., acquiring 3,400 shares valued at approximately $373,000 in the first quarter.
• Several institutional investors significantly increased their stakes in Emerson Electric, with Ensign Peak Advisors Inc. boosting its stake by 149.7% to own 109,221 shares worth $13,536,000.
• Analysts have raised their price targets for Emerson Electric, with Wells Fargo increasing it to $150.00 and Citigroup to $165.00, reflecting overall positive sentiment toward the stock's performance.

CTC Alternative Strategies Ltd. purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,400 shares of the industrial products company's stock, valued at approximately $373,000.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Nuveen LLC acquired a new position in shares of Emerson Electric in the first quarter valued at about $737,318,000. Pacer Advisors Inc. grew its stake in 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 buying an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. grew its stake in Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock worth $270,672,000 after buying an additional 1,693,999 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in 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 buying an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in 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 buying an additional 1,117,646 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 1.7%

EMR traded down $2.28 during mid-day trading on Friday, reaching $135.19. 1,821,855 shares of the stock were exchanged, compared to its average volume of 2,516,617. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $76.08 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30. The company has a 50 day moving average price of $137.38 and a two-hundred day moving average price of $122.84. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm earned $1.43 EPS. The firm's quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date was 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%.

Analysts Set New Price Targets

EMR has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup increased their target price 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. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

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.