IFM Investors Pty Ltd Has $15.90 Million Stake in Emerson Electric Co. $EMR

Key Points

• IFM Investors Pty Ltd increased its stake in Emerson Electric Co. by 3.8%, owning 119,233 shares valued at approximately $15.9 million as of the end of the most recent quarter.
• Emerson Electric reported $1.52 earnings per share for the quarter, slightly beating expectations, while revenue was $4.55 billion, below estimates of $4.60 billion, reflecting a year-over-year growth of 3.9%.
• The company declared a quarterly dividend of $0.5275, which yields 1.6%, and has a payout ratio of approximately 45.38%.

IFM Investors Pty Ltd lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,233 shares of the industrial products company's stock after acquiring an additional 4,393 shares during the quarter. IFM Investors Pty Ltd's holdings in Emerson Electric were worth $15,897,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EMR. Nuveen LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth about $737,318,000. Pacer Advisors Inc. boosted its stake in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Emerson Electric by 218.7% during the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after purchasing an additional 1,333,839 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares during the period. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Emerson Electric stock traded up $0.45 during trading hours on Friday, hitting $132.36. The stock had a trading volume of 3,768,798 shares, compared to its average volume of 2,773,252. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $136.63 and a two-hundred day moving average of $123.34. The company has a market cap 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 (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.60 billion. During the same period in the prior year, the firm posted $1.43 EPS. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently 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.