Emerson Electric Co. $EMR Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Emerson Electric Co. by 264.7%, owning approximately 905,947 shares valued at $120.79 million as of the last reporting period.
• Emerson Electric reported earnings of $1.52 per share for the recent quarter, slightly beating analysts' expectations, despite revenue falling short at $4.55 billion.
• The company recently declared a quarterly dividend of $0.5275 per share, marking an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Robeco Institutional Asset Management B.V. grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 264.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 905,947 shares of the industrial products company's stock after purchasing an additional 657,572 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Emerson Electric worth $120,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in Emerson Electric in the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Finally, PFS Partners LLC boosted its holdings in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Up 1.3%

NYSE EMR opened at $132.90 on Friday. The firm's fifty day moving average is $134.43 and its two-hundred day moving average is $124.39. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. 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 market cap of $74.79 billion, a PE ratio of 28.58, a P/E/G ratio of 2.31 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly 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. The firm 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 business's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid 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 was Friday, August 15th. Emerson Electric's dividend payout ratio is 45.38%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EMR shares. Daiwa Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Stephens boosted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.88.

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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