Emerson Electric Co. $EMR Position Increased by Vident Advisory LLC

Key Points

• Vident Advisory LLC significantly increased its position in Emerson Electric Co. by 33.8% during the first quarter, owning 19,581 shares worth approximately $2.15 million.
• Emerson Electric reported quarterly earnings of $1.52 per share, slightly beating expectations, with revenues of $4.55 billion, a year-over-year increase of 3.9%.
• The company announced a quarterly dividend of $0.5275 per share, representing an annualized dividend yield of 1.6%.

Vident Advisory LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,581 shares of the industrial products company's stock after acquiring an additional 4,944 shares during the period. Vident Advisory LLC's holdings in Emerson Electric were worth $2,147,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after buying an additional 4,850 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Emerson Electric by 83.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 16,112 shares of the industrial products company's stock valued at $1,997,000 after acquiring an additional 7,319 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Emerson Electric by 24.2% in the fourth quarter. Ancora Advisors LLC now owns 2,391 shares of the industrial products company's stock valued at $296,000 after acquiring an additional 466 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 997,659 shares of the industrial products company's stock valued at $123,637,000 after acquiring an additional 5,822 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $1,305,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.4%

Emerson Electric stock traded down $0.56 during trading on Friday, reaching $132.54. The company had a trading volume of 3,207,884 shares, compared to its average volume of 2,654,395. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock's 50 day moving average price is $137.59 and its two-hundred day moving average price is $122.41. The firm has a market capitalization of $74.59 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.59 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $142.39.

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.