Emerson Electric Co. $EMR Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Emerson Electric Co. by 68.2%, now holding 128,611 shares, after selling 275,654 shares in the first quarter.
• Emerson Electric recently reported a quarterly EPS of $1.52, slightly beating analyst expectations, with revenue totaling $4.55 billion.
• The company declared a quarterly dividend of $0.5275 per share, representing a 1.6% yield on an annualized basis.

Edmond DE Rothschild Holding S.A. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 68.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,611 shares of the industrial products company's stock after selling 275,654 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Emerson Electric were worth $14,101,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after buying an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after buying an additional 611,105 shares during the period. Nuveen LLC bought a new position in Emerson Electric during the first quarter worth $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Emerson Electric by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock valued at $478,710,000 after acquiring an additional 339,355 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Emerson Electric by 18.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock valued at $415,912,000 after acquiring an additional 579,653 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.5%

NYSE:EMR traded down $0.63 during mid-day trading on Tuesday, reaching $132.10. The company's stock had a trading volume of 748,344 shares, compared to its average volume of 3,124,966. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a fifty day moving average of $137.57 and a 200-day moving average of $122.45. The firm has a market capitalization of $74.35 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.58 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS 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 during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company's quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.