Adage Capital Partners GP L.L.C. Increases Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Emerson Electric Co. by 86.8% in the first quarter, owning approximately 0.07% of the company valued at $42 million according to SEC filings.
• Emerson Electric reported $1.52 earnings per share for the last quarter, beating analyst expectations of $1.51, despite revenue of $4.55 billion falling short of the projected $4.60 billion.
• The company has declared a quarterly dividend of $0.5275, yielding 1.6%, with a payout ratio of 45.38%.

Adage Capital Partners GP L.L.C. grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 86.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 383,493 shares of the industrial products company's stock after acquiring an additional 178,232 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of Emerson Electric worth $42,046,000 at the end of the most recent reporting period.

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

Emerson Electric Price Performance

EMR stock traded down $0.00 during midday trading on Monday, hitting $132.55. 2,007,112 shares of the stock were exchanged, compared to its average volume of 3,138,290. The stock's 50-day moving average price is $137.59 and its 200-day moving average price is $122.38. The stock has a market cap of $74.60 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.58 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EMR shares. KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. 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. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Two equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

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.