Emerson Electric Co. $EMR Position Raised by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG increased its stake in Emerson Electric Co. by 9.8%, now owning 751,643 shares valued at approximately $100.2 million, making it the 9th largest position in their portfolio.
• Analysts have raised their price targets for Emerson Electric, with Wells Fargo increasing it from $135 to $150, and overall, the stock has a consensus rating of "Moderate Buy".
• The company reported quarterly earnings of $1.52 per share, exceeding estimates, and a quarterly dividend of $0.5275 per share was recently declared, representing an annual yield of 1.6%.

J. Safra Sarasin Holding AG raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 9.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 751,643 shares of the industrial products company's stock after acquiring an additional 66,813 shares during the period. Emerson Electric makes up approximately 1.7% of J. Safra Sarasin Holding AG's holdings, making the stock its 9th biggest position. J. Safra Sarasin Holding AG owned approximately 0.13% of Emerson Electric worth $100,217,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Saudi Central Bank bought a new stake in shares of Emerson Electric in the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric in the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $28,000. Fourth Dimension Wealth LLC lifted its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, PFS Partners LLC boosted its holdings in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock worth $36,000 after buying an additional 108 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. KeyCorp upped their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $143.76.

Emerson Electric Stock Performance

EMR opened at $131.20 on Thursday. 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 $73.84 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.49 and a beta of 1.29. The company has a fifty day moving average of $134.71 and a 200 day moving average of $124.26. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.60 billion. During the same quarter last year, the business posted $1.43 earnings per share. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.