Dimensional Fund Advisors LP Lowers Stake in Emerson Electric Co. $EMR

Key Points

• Dimensional Fund Advisors LP reduced its stake in Emerson Electric Co. by 0.5%, now holding approximately 2.87 million shares valued at $314.18 million.
• Emerson Electric's latest quarterly earnings showed an earnings per share of $1.52, slightly surpassing analyst expectations, but revenue fell short of estimates at $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, set to be paid on September 10th, with a dividend yield of 1.6% and a payout ratio of 45.38%.

Dimensional Fund Advisors LP trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,866,041 shares of the industrial products company's stock after selling 13,629 shares during the quarter. Dimensional Fund Advisors LP owned 0.51% of Emerson Electric worth $314,175,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after purchasing an additional 611,105 shares during the last quarter. Nuveen LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $737,318,000. Northern Trust Corp raised its stake 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 purchasing an additional 370,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 purchasing an additional 339,355 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew 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 in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EMR shares. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Barclays raised 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 research report on Thursday, August 7th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Price Performance

EMR stock traded up $4.4390 during midday trading on Friday, hitting $134.5290. 1,585,839 shares of the stock were exchanged, compared to its average volume of 3,153,082. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market cap of $75.71 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.55 and a beta of 1.32. The stock's 50-day moving average price is $136.89 and its 200-day moving average price is $121.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly 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. The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's payout ratio is currently 45.38%.

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.