Emerson Electric Co. $EMR Shares Purchased by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in Emerson Electric by 6.1%, owning 65,991 shares valued at approximately $7.26 million as reported in SEC filings.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, with an annualized yield of 1.6%, to be paid on September 10th.
• Recent analyst ratings indicate a generally positive outlook for Emerson Electric, with a consensus price target of $142.39 and twelve analysts giving a "buy" rating.

Ethic Inc. boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,991 shares of the industrial products company's stock after buying an additional 3,800 shares during the period. Ethic Inc.'s holdings in Emerson Electric were worth $7,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after buying an additional 611,105 shares during the period. Nuveen LLC purchased a new stake in Emerson Electric in the 1st quarter valued at about $737,318,000. Northern Trust Corp raised its holdings in 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 buying an additional 370,560 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Emerson Electric by 9.6% in 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 valued at $478,710,000 after buying an additional 339,355 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Emerson Electric by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock valued at $415,912,000 after buying an additional 579,653 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.1%

Shares of EMR stock traded down $0.0920 during trading hours on Wednesday, reaching $131.4980. 923,679 shares of the stock were exchanged, compared to its average volume of 3,156,944. The business's fifty day moving average is $136.74 and its two-hundred day moving average is $121.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market capitalization of $74.01 billion, a P/E 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 released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates 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 earned $1.43 earnings per share. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced 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 dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent research reports. Stephens boosted 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 note on Wednesday, July 16th. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $142.39.

About Emerson Electric

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.