Emerson Electric Co. $EMR Shares Acquired by DnB Asset Management AS

Key Points

• DnB Asset Management AS increased its stake in Emerson Electric Co. by 5.6% in Q1, owning approximately 916,663 shares valued at about $100.5 million.
• Wall Street analysts have generally positive views on Emerson Electric, with multiple upgrades; the stock is rated as a Moderate Buy with a target price consensus of $142.39.
• Emerson Electric recently announced a quarterly dividend of $0.5275, resulting in an annualized dividend yield of 1.6%.

DnB Asset Management AS increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 916,663 shares of the industrial products company's stock after buying an additional 48,226 shares during the quarter. DnB Asset Management AS owned about 0.16% of Emerson Electric worth $100,503,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter worth approximately $27,000. Saudi Central Bank purchased a new position in Emerson Electric during the first quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric during the fourth quarter worth $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the first quarter worth $27,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EMR shares. KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two investment 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. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Down 0.0%

EMR traded down $0.00 on Monday, hitting $132.55. 2,152,382 shares of the company were exchanged, compared to its average volume of 3,139,150. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a market cap of $74.60 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 2.58 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $137.59 and a two-hundred day moving average price of $122.38.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS 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 period in the previous year, the firm posted $1.43 EPS. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's payout ratio is presently 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.