Emerson Electric Co. $EMR Shares Sold by Tema Etfs LLC

Key Points

• Tema Etfs LLC has reduced its stake in Emerson Electric Co. by 26.4%, selling 9,760 shares and now holding 27,200 shares valued at approximately $2.98 million.
• Emerson Electric reported $1.52 EPS for the last quarter, slightly beating expectations, while achieving a revenue of $4.55 billion.
• The company announced a quarterly dividend of $0.5275, which translates to an annualized yield of 1.6%, with the ex-dividend date set for August 15th.

Tema Etfs LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,200 shares of the industrial products company's stock after selling 9,760 shares during the period. Tema Etfs LLC's holdings in Emerson Electric were worth $2,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Orion Capital Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. 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. Finally, 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. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $133.34 on Thursday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. 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 cap of $75.05 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.60 and a beta of 1.32. The business's 50 day moving average price is $137.34 and its 200 day moving average price is $122.06.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 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 company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company's revenue for the quarter was up 3.9% on a year-over-year basis. 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 will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given 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 payout ratio is currently 45.38%.

Wall Street Analysts Forecast Growth

Several analysts have commented on EMR shares. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Bank of America raised 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. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.39.

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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