Boston Partners Sells 155,570 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Boston Partners reduced its stake in Emerson Electric by 4.7%, now owning approximately 3.16 million shares valued at around $344.97 million.
• The stock received multiple analyst upgrades, with target prices ranging from $124.00 to $165.00, and a consensus rating of "Moderate Buy."
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, reflecting a 1.6% yield and a dividend payout ratio of 45.38%.

Boston Partners cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,160,896 shares of the industrial products company's stock after selling 155,570 shares during the period. Boston Partners owned 0.56% of Emerson Electric worth $344,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $27,000. Ameriflex Group Inc. bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the first quarter worth approximately $27,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Emerson Electric in the first quarter worth approximately $28,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 1.9%

Emerson Electric stock traded down $2.59 on Friday, hitting $131.78. 3,316,383 shares of the stock traded hands, compared to its average volume of 3,822,612. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $74.17 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32. The business's fifty day simple moving average is $136.53 and its 200 day simple moving average is $121.77. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion during 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%. The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Stephens upped their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric currently 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.