Federation des caisses Desjardins du Quebec Has $11.70 Million Holdings in Emerson Electric Co. $EMR

Key Points

• Federation des caisses Desjardins du Quebec reduced its shares in Emerson Electric Co. by 55.3%, selling 132,274 shares and holding 106,713 shares valued at approximately $11.7 million.
• Emerson Electric reported a quarterly earnings per share (EPS) of $1.52, exceeding estimates, but its revenue fell short at $4.55 billion compared to analyst expectations of $4.60 billion.
• Wall Street analysts largely favor Emerson Electric, with a consensus rating of "Moderate Buy" and an average target price of $142.39, indicating confidence in its future performance.

Federation des caisses Desjardins du Quebec reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 55.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,713 shares of the industrial products company's stock after selling 132,274 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Emerson Electric were worth $11,700,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its position 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 valued at $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Emerson Electric by 9.3% during the first 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 in the last quarter. Nuveen LLC acquired a new position in shares of Emerson Electric during the first quarter worth $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Emerson Electric by 9.6% during the fourth 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 worth $478,710,000 after buying an additional 339,355 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock worth $415,912,000 after buying an additional 579,653 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.4%

Shares of NYSE:EMR traded down $0.56 during midday trading on Friday, reaching $132.54. The company's stock had a trading volume of 3,207,884 shares, compared to its average volume of 2,654,395. The firm has a market capitalization of $74.59 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.58 and a beta of 1.30. 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 firm has a 50 day moving average price of $137.59 and a two-hundred day moving average price of $122.39. 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 announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm's revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Company 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.