Emerson Electric Co. $EMR Shares Purchased by Blue Trust Inc.

Key Points

• Blue Trust Inc. increased its stake in Emerson Electric Co. by 53.8% during the second quarter, acquiring an additional 2,656 shares and bringing its total holdings to 7,591 shares valued at approximately $1,012,000.
• The stock of Emerson Electric is currently down 4.2%, trading at $125.99, with a fifty-two week high of $150.27 and a low of $90.06.
• Emerson Electric also announced a quarterly dividend of $0.5275 per share, resulting in an annualized dividend of $2.11 and a yield of 1.7%.

Blue Trust Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 53.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,591 shares of the industrial products company's stock after purchasing an additional 2,656 shares during the quarter. Blue Trust Inc.'s holdings in Emerson Electric were worth $1,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the 1st quarter worth $28,000. Fourth Dimension Wealth LLC lifted its holdings in 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 buying an additional 154 shares during the last quarter. Finally, PFS Partners LLC lifted its holdings in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock worth $36,000 after buying an additional 108 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 4.2%

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

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

Emerson Electric Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.7%. Emerson Electric's dividend payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent analyst reports. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Emerson Electric in a report on Wednesday. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Two investment 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.29.

Emerson Electric Company 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.

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