Berkshire Asset Management LLC PA Grows Stake in Emerson Electric Co. $EMR

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Berkshire Asset Management LLC PA raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 361,785 shares of the industrial products company's stock after purchasing an additional 2,702 shares during the period. Emerson Electric comprises 1.9% of Berkshire Asset Management LLC PA's holdings, making the stock its 16th largest position. Berkshire Asset Management LLC PA owned about 0.06% of Emerson Electric worth $40,657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clark Capital Management Group Inc. boosted its stake in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after buying an additional 434 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after buying an additional 5,504 shares during the last quarter. North Capital Inc. acquired a new position in Emerson Electric during the first quarter worth $211,000. Zurich Insurance Group Ltd FI acquired a new position in Emerson Electric during the fourth quarter worth $3,003,000. Finally, Golden State Equity Partners acquired a new position in Emerson Electric during the first quarter worth $459,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 2.7%

NYSE EMR traded up $3.5360 during trading hours on Friday, hitting $133.6260. 3,643,223 shares of the company were exchanged, compared to its average volume of 3,837,648. The company has a 50 day moving average of $137.06 and a two-hundred day moving average of $121.91. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm has a market cap of $75.20 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.54 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS 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 business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The business's revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Analysts Set New Price Targets

A number of research firms have commented on EMR. Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $142.39.

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.