UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $448.05 Million Holdings in Emerson Electric Co. $EMR

Key Points

• UBS Asset Management increased its stake in Emerson Electric by 5.8% during the first quarter, owning about 0.73% of the company worth $448 million at quarter's end.
• Emerson Electric's shares experienced positive analyst ratings, with price targets raised by institutions including KeyCorp and Citigroup, indicating strong potential for growth.
• The company reported earnings of $1.52 per share for the last quarter, slightly exceeding analysts' expectations, and announced a quarterly dividend of $0.5275 to be paid in September.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,086,580 shares of the industrial products company's stock after acquiring an additional 223,831 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.73% of Emerson Electric worth $448,053,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its position in Emerson Electric by 29.2% during the 1st quarter. McIlrath & Eck LLC now owns 1,105 shares of the industrial products company's stock worth $121,000 after acquiring an additional 250 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at $311,000. Ascent Group LLC lifted its holdings in shares of Emerson Electric by 10.2% in the first quarter. Ascent Group LLC now owns 10,265 shares of the industrial products company's stock valued at $1,125,000 after buying an additional 948 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Emerson Electric by 20.3% in the first quarter. Meiji Yasuda Life Insurance Co now owns 15,059 shares of the industrial products company's stock valued at $1,651,000 after buying an additional 2,546 shares during the period. Finally, Arete Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 5.5% in the first quarter. Arete Wealth Advisors LLC now owns 5,148 shares of the industrial products company's stock valued at $564,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 1.7%

NYSE:EMR traded down $2.28 during trading hours on Friday, hitting $135.19. 1,821,855 shares of the company's stock traded hands, compared to its average volume of 2,516,617. The firm has a market cap of $76.08 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.68 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month 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 stock's fifty day moving average price is $137.38 and its two-hundred day moving average price is $122.82.

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 for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm 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%.Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. 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. Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a 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 report on Monday, July 14th. Finally, 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 report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.