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Emerson Electric Co. (NYSE:EMR) Shares Sold by Allianz SE

Emerson Electric logo with Industrials background

Key Points

  • Allianz SE has reduced its holdings in Emerson Electric Co. by 5.2%, now owning 82,468 shares valued at approximately $9 million.
  • Emerson Electric reported a quarterly earnings per share (EPS) of $1.48, beating estimates and showing a 1.3% increase in revenue year-over-year.
  • The company recently declared a quarterly dividend of $0.5275 per share, reflecting an annual yield of 1.5%.
  • Five stocks we like better than Emerson Electric.

Allianz SE lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,468 shares of the industrial products company's stock after selling 4,509 shares during the quarter. Allianz SE's holdings in Emerson Electric were worth $9,042,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC raised its stake in shares of Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after purchasing an additional 95 shares during the period. One Wealth Advisors LLC raised its position in Emerson Electric by 5.7% during the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock valued at $202,000 after purchasing an additional 99 shares during the last quarter. Texas Yale Capital Corp. raised its position in Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after purchasing an additional 100 shares during the last quarter. Ecofi Investissements SA raised its position in shares of Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after acquiring an additional 100 shares in the last quarter. Finally, J. W. Coons Advisors LLC increased its position in Emerson Electric by 0.8% during the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock valued at $1,425,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

NYSE EMR opened at $141.68 on Friday. The business has a 50 day simple moving average of $133.64 and a 200 day simple moving average of $121.30. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market cap of $79.70 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EMR. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays boosted their price objective on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.28.

Read Our Latest Analysis on Emerson Electric

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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