Emerson Electric Co. $EMR Stake Lifted by Groupe la Francaise

Key Points

• Groupe la Francaise has increased its stake in Emerson Electric Co. by 16.4% in Q1, now holding nearly 95,000 shares valued at approximately $10.64 million.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, set to be paid on September 10th, marking an annual yield of 1.6%.
• The company reported Q2 earnings of $1.52 per share, surpassing expectations, and experienced a 3.9% year-over-year increase in revenue, reaching $4.55 billion.

Groupe la Francaise grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 16.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,967 shares of the industrial products company's stock after purchasing an additional 13,363 shares during the period. Groupe la Francaise's holdings in Emerson Electric were worth $10,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after acquiring an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after acquiring an additional 611,105 shares in the last quarter. Nuveen LLC acquired a new position in Emerson Electric during the 1st quarter worth approximately $737,318,000. Northern Trust Corp lifted its position in Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after acquiring an additional 370,560 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Emerson Electric by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after acquiring an additional 339,355 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Citigroup upped 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. Wells Fargo & Company upped 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. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Performance

Shares of EMR stock traded down $1.2850 on Monday, hitting $132.4850. 2,123,215 shares of the stock traded hands, compared to its average volume of 3,890,116. 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 company has a market capitalization of $74.56 billion, a PE ratio of 28.49, a PEG ratio of 2.61 and a beta of 1.32. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company's fifty day moving average is $137.13 and its 200 day moving average is $121.90.

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

Emerson Electric Announces Dividend

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

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.