Emerson Electric Co. $EMR is Birmingham Capital Management Co. Inc. AL's 7th Largest Position

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in Emerson Electric by 2.8%, now holding 67,241 shares valued at approximately $7.37 million.
• Institutional investors own 74.30% of Emerson Electric's stock, indicating strong institutional support.
• Bank of America raised its price target for Emerson Electric from $130.00 to $155.00, giving the stock a "buy" rating, reflecting increased analyst confidence.

Birmingham Capital Management Co. Inc. AL trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,241 shares of the industrial products company's stock after selling 1,920 shares during the quarter. Emerson Electric comprises approximately 2.8% of Birmingham Capital Management Co. Inc. AL's portfolio, making the stock its 7th largest holding. Birmingham Capital Management Co. Inc. AL's holdings in Emerson Electric were worth $7,372,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth $737,318,000. Pacer Advisors Inc. increased its position in Emerson Electric by 4,583.7% during the first 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 during the last quarter. Alliancebernstein L.P. boosted its holdings 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 valued at $270,672,000 after purchasing an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Emerson Electric by 210.8% in the 1st 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 period. Finally, GAMMA Investing LLC increased its holdings in shares of Emerson Electric by 12,707.7% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.7%

Shares of NYSE:EMR traded down $2.28 during trading on Friday, hitting $135.19. The company's stock had a trading volume of 1,821,855 shares, compared to its average volume of 2,516,617. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The business has a 50 day moving average price of $137.38 and a two-hundred day moving average price of $122.84. 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 $76.08 billion, a PE ratio of 29.07, a P/E/G ratio of 2.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the business posted $1.43 earnings per share. Emerson Electric's revenue was up 3.9% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Bank of America upped 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. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wells Fargo & Company boosted their price target 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. Citigroup increased their price objective 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. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

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.