Emerson Electric Co. $EMR Shares Bought by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH has increased its stake in Emerson Electric Co. by 4.9%, acquiring an additional 3,870 shares, bringing their total holdings to 82,877 shares valued at over $9 million.
• Emerson Electric reported strong quarterly earnings with $1.52 earnings per share, surpassing estimates, while revenue reached $4.55 billion, slightly below expectations.
• The company has announced a quarterly dividend of $0.5275 per share, reflecting a yield of 1.6% and a dividend payout ratio of 45.38%.

Erste Asset Management GmbH increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,877 shares of the industrial products company's stock after buying an additional 3,870 shares during the quarter. Erste Asset Management GmbH's holdings in Emerson Electric were worth $9,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares during the period. Jump Financial LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $249,000. OneDigital Investment Advisors LLC raised its holdings in shares of Emerson Electric by 2.1% in the 4th quarter. OneDigital Investment Advisors LLC now owns 25,547 shares of the industrial products company's stock worth $3,166,000 after purchasing an additional 533 shares during the period. Alta Advisers Ltd raised its holdings in shares of Emerson Electric by 28.9% in the 4th quarter. Alta Advisers Ltd now owns 1,934 shares of the industrial products company's stock worth $240,000 after purchasing an additional 434 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Emerson Electric by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,512,836 shares of the industrial products company's stock worth $187,487,000 after purchasing an additional 69,467 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada increased their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Up 2.7%

NYSE EMR traded up $3.5360 during mid-day trading on Friday, reaching $133.6260. 3,643,223 shares of the company's stock traded hands, compared to its average volume of 3,837,648. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a fifty day simple moving average of $137.06 and a 200-day simple moving average of $121.89. 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 company has a market cap of $75.20 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 2.61 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm earned $1.43 EPS. Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced 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 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%.

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.