Sarasin & Partners LLP Has $322.39 Million Stock Position in Emerson Electric Co. $EMR

Key Points

• Sarasin & Partners LLP increased its holdings in Emerson Electric by 8.6% during the second quarter, owning 2,417,945 shares valued at approximately $322.4 million.
• Emerson Electric reported a quarterly earnings of $1.52 per share, surpassing analysts' expectations, with a net margin of 14.92% and a year-over-year revenue increase of 3.9%.
• The company recently declared a quarterly dividend of $0.5275, reflecting a 1.6% yield and a payout ratio of 45.38%.

Sarasin & Partners LLP grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 8.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,417,945 shares of the industrial products company's stock after buying an additional 191,255 shares during the quarter. Emerson Electric accounts for approximately 3.2% of Sarasin & Partners LLP's portfolio, making the stock its 10th biggest position. Sarasin & Partners LLP owned approximately 0.43% of Emerson Electric worth $322,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased 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 worth $1,675,403,000 after buying an additional 980,652 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 611,105 shares during the period. Nuveen LLC purchased a new stake 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 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company's stock valued at $448,053,000 after acquiring an additional 223,831 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Emerson Electric by 9.6% in 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 valued at $478,710,000 after acquiring an additional 339,355 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Barclays raised 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 report on Thursday, August 7th. Finally, TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Performance

EMR stock traded up $0.45 during mid-day trading on Friday, hitting $132.36. 3,768,798 shares of the company were exchanged, compared to its average volume of 2,773,252. The business has a 50 day simple moving average of $136.63 and a 200-day simple moving average of $123.34. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $74.49 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.30. 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 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. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the business posted $1.43 earnings per share. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is presently 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.