Emerson Electric Co. $EMR Shares Purchased by Lbp Am Sa

Key Points

• Lbp Am Sa increased its stake in Emerson Electric Co. by 38.5% during Q2, now owning 165,397 shares valued at approximately $22 million.
• Emerson Electric reported a Q2 EPS of $1.52, exceeding estimates by $0.01, with revenue of $4.55 billion, reflecting a 3.9% year-over-year increase.
• The company announced a quarterly dividend of $0.5275 per share, translating to an annual yield of 1.6%, with a payout ratio of 45.38%.

Lbp Am Sa increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 38.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,397 shares of the industrial products company's stock after acquiring an additional 45,998 shares during the period. Lbp Am Sa's holdings in Emerson Electric were worth $22,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric in the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC grew its holdings in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. acquired a new stake in Emerson Electric in the first quarter valued at approximately $36,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $131.18 on Wednesday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market cap of $73.83 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.45 and a beta of 1.30. 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 business's 50 day moving average price is $135.02 and its 200 day moving average price is $124.21.

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

Emerson Electric Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on EMR shares. Wells Fargo & Company raised their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued 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 price target of $143.76.

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.

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