Emerson Electric Co. $EMR Shares Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its holdings in Emerson Electric Co. by 1.6%, owning a total of 137,174 shares worth approximately $15.04 million.
• Wall Street analysts generally have a positive outlook on Emerson Electric, with the stock receiving two Strong Buy ratings, eleven Buy ratings, and a consensus target price of $142.39.
• The company reported quarterly earnings of $1.52 per share, which exceeded analysts' expectations, with a 3.9% year-over-year increase in revenue to $4.55 billion.

Flputnam Investment Management Co. increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,174 shares of the industrial products company's stock after acquiring an additional 2,126 shares during the quarter. Flputnam Investment Management Co.'s holdings in Emerson Electric were worth $15,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in shares of Emerson Electric during the 1st quarter worth about $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares during the period. Pacer Advisors Inc. increased its stake in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after purchasing an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after acquiring an additional 1,117,646 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EMR shares. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Performance

NYSE:EMR opened at $131.91 on Friday. The company has a market cap of $74.24 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock's 50 day simple moving average is $137.54 and its two-hundred day simple moving average is $122.14. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year 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 for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, equities analysts anticipate 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 will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio is currently 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.

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