Emerson Electric Co. $EMR Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Emerson Electric by 4.4%, selling 26,438 shares, leaving them with approximately 580,974 shares valued at $63.7 million.
• Emerson Electric reported earnings of $1.52 per share for the last quarter, exceeding analysts' expectations, while its revenue decreased slightly year-over-year at $4.55 billion.
• The company declared a quarterly dividend of $0.5275, which represents a 1.6% dividend yield, with a payout ratio of 45.38%.

Epoch Investment Partners Inc. lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 580,974 shares of the industrial products company's stock after selling 26,438 shares during the period. Epoch Investment Partners Inc. owned approximately 0.10% of Emerson Electric worth $63,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% in the first 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. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.7%

Shares of NYSE EMR opened at $133.34 on Wednesday. The firm has a market cap of $75.04 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. The company's 50-day simple moving average is $137.25 and its 200-day simple moving average is $121.98. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating 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 firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the company posted $1.43 EPS. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EMR shares. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada lifted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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