Plancorp LLC Grows Stake in Emerson Electric Co. $EMR

Key Points

• Plancorp LLC increased its holdings in Emerson Electric Co. by 2.8%, now owning approximately 335,562 shares worth around $36.79 million, making it the 13th largest position in their portfolio.
• Emerson Electric reported a quarterly earnings per share (EPS) of $1.52, beating analysts' expectations and showing a 3.9% year-over-year revenue growth to $4.55 billion.
• The company declared a quarterly dividend of $0.5275 per share, with a dividend yield of 1.6%, and an annualized dividend payout of $2.11.

Plancorp LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 335,562 shares of the industrial products company's stock after purchasing an additional 9,225 shares during the period. Emerson Electric comprises about 1.5% of Plancorp LLC's investment portfolio, making the stock its 13th biggest position. Plancorp LLC owned approximately 0.06% of Emerson Electric worth $36,791,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EMR shares. Wells Fargo & Company raised their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. 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 report on Wednesday, July 2nd. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. 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 given a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Trading Up 1.2%

Shares of Emerson Electric stock traded up $1.54 during trading on Wednesday, hitting $133.59. The stock had a trading volume of 2,499,336 shares, compared to its average volume of 3,126,367. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm's fifty day simple moving average is $137.50 and its 200-day simple moving average is $122.52. The stock has a market cap of $75.18 billion, a PE ratio of 28.73, a PEG ratio of 2.59 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

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.