Czech National Bank Raises Position in Emerson Electric Co. $EMR

Key Points

• The Czech National Bank increased its position in Emerson Electric Co. by 6.2% during the 2nd quarter, owning a total of 137,494 shares worth approximately $18.3 million as of its latest SEC filing.
• Emerson Electric's recent earnings report showed an EPS of $1.52, slightly surpassing analyst expectations, and its revenue totaled $4.55 billion, which was below the consensus estimate of $4.60 billion.
• Analysts have generally positive sentiments towards Emerson Electric, with an average rating of "Moderate Buy" and a consensus price target of $142.39.

Czech National Bank raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,494 shares of the industrial products company's stock after acquiring an additional 7,975 shares during the period. Czech National Bank's holdings in Emerson Electric were worth $18,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Saudi Central Bank bought a new stake in Emerson Electric in the first quarter valued at approximately $25,000. Vega Investment Solutions bought a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric in the first quarter valued at approximately $27,000. Finally, Inlight Wealth Management LLC bought a new stake in Emerson Electric in the first quarter valued at approximately $28,000. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report 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 report on Thursday, August 7th. Two 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, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Up 0.3%

NYSE:EMR traded up $0.45 during trading hours on Friday, reaching $132.36. 3,768,798 shares of the company traded hands, compared to its average volume of 2,773,252. The business's 50-day moving average price is $136.63 and its two-hundred day moving average price is $123.34. The stock has a market capitalization of $74.49 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.51 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping 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 firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is 45.38%.

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.