Emerson Electric Co. (NYSE:EMR) Shares Acquired by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly increased its stake in Emerson Electric Co. by 4,583.7% in the first quarter, acquiring over 2.1 million shares, raising their total ownership to approximately 0.39% worth $239.57 million.
• Emerson Electric recently announced a quarterly dividend of $0.5275, translating to an annualized dividend yield of 1.44%, with a payout ratio of 50.48%.
• Wall Street analysts have a Moderate Buy rating on Emerson Electric shares, with the average target price set at $142.28, reflecting analysts' confidence in the company's growth prospects.

Pacer Advisors Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4,583.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,185,049 shares of the industrial products company's stock after buying an additional 2,138,397 shares during the quarter. Pacer Advisors Inc. owned approximately 0.39% of Emerson Electric worth $239,569,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after buying an additional 232,540 shares during the period. Norges Bank purchased a new position in shares of Emerson Electric in the 4th quarter worth about $885,886,000. Northern Trust Corp lifted its stake in shares of Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after purchasing an additional 370,560 shares in the last quarter. Schroder Investment Management Group increased its position in Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after purchasing an additional 171,946 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Emerson Electric by 9.6% in the fourth 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 valued at $478,710,000 after buying an additional 339,355 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EMR shares. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Robert W. Baird dropped their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.28.

Emerson Electric Price Performance

NYSE EMR opened at $146.87 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $147.57. The stock's 50-day moving average price is $130.24 and its two-hundred day moving average price is $120.18. The company has a market cap of $82.61 billion, a PE ratio of 35.14, a PEG ratio of 2.85 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 EPS. The company's revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.

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