Aberdeen Group plc Has $71.44 Million Position in Emerson Electric Co. $EMR

Key Points

• Aberdeen Group plc increased its stake in Emerson Electric Co. by 27.9%, acquiring an additional 143,495 shares to reach a total of 658,124 shares valued at approximately $71.4 million.
• Emerson Electric reported earnings of $1.52 per share for the last quarter, exceeding analysts' estimates, while revenue was $4.55 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.5275 per share, representing an annualized yield of 1.6%, with a payout ratio of 45.38%.

Aberdeen Group plc boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 27.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,124 shares of the industrial products company's stock after buying an additional 143,495 shares during the quarter. Aberdeen Group plc owned 0.12% of Emerson Electric worth $71,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC raised its stake in shares of Emerson Electric by 145.3% in the 1st 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 in the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Performance

NYSE EMR traded down $0.0920 on Wednesday, hitting $131.4980. 923,679 shares of the stock were exchanged, compared to its average volume of 3,156,944. 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 business's fifty day moving average is $136.74 and its 200 day moving average is $121.79. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a market capitalization of $74.01 billion, a PE ratio of 28.29, a P/E/G ratio of 2.57 and a beta of 1.32.

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, topping the consensus estimate 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 in the prior year, the firm posted $1.43 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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