Emerson Electric Co. $EMR Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Emerson Electric by 15% in the second quarter, acquiring a total of 96,258 shares valued at approximately $12.83 million.
• Analysts have generally rated Emerson Electric positively, with a consensus target price of $144.29, and multiple upgrades from firms including Deutsche Bank and Citigroup.
• Emerson Electric recently declared a quarterly dividend of $0.5275, yielding about 1.7%, with a dividend payout ratio of 45.38%.

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 96,258 shares of the industrial products company's stock after acquiring an additional 12,519 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Emerson Electric were worth $12,835,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in Emerson Electric during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the first quarter worth $28,000. Fourth Dimension Wealth LLC raised its position in Emerson Electric by 145.3% during the first 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 during the period. Finally, PFS Partners LLC raised its position in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock worth $36,000 after acquiring an additional 108 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Citigroup boosted their price target 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. Wells Fargo & Company restated an "equal weight" rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Daiwa Capital Markets boosted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Emerson Electric in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.29.

Emerson Electric Price Performance

Emerson Electric stock opened at $125.99 on Friday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock has a market cap of $70.91 billion, a P/E ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. The company has a 50-day moving average price of $132.66 and a 200 day moving average price of $125.25. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio is 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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