Generali Asset Management SPA SGR Decreases Position in Emerson Electric Co. $EMR

Key Points

• Generali Asset Management SPA SGR decreased its position in Emerson Electric Co. by 5.4%, holding 67,669 shares valued at approximately $9,022,000 after selling 3,849 shares.
• Other investors like Ritholtz Wealth Management and Sagespring Wealth Partners LLC increased their stakes in Emerson Electric, reflecting a significant interest from various institutional investors.
• The company recently announced a quarterly dividend of $0.5275, with a 1.6% annualized dividend yield and a payout ratio of 45.38%.

Generali Asset Management SPA SGR decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,669 shares of the industrial products company's stock after selling 3,849 shares during the period. Generali Asset Management SPA SGR's holdings in Emerson Electric were worth $9,022,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ritholtz Wealth Management grew its stake in shares of Emerson Electric by 4.5% during the 2nd quarter. Ritholtz Wealth Management now owns 13,096 shares of the industrial products company's stock worth $1,746,000 after acquiring an additional 562 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Emerson Electric by 7.6% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,791 shares of the industrial products company's stock valued at $639,000 after acquiring an additional 340 shares during the period. JGP Wealth Management LLC lifted its holdings in Emerson Electric by 29.2% during the second quarter. JGP Wealth Management LLC now owns 5,161 shares of the industrial products company's stock valued at $688,000 after purchasing an additional 1,165 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of Emerson Electric by 8.4% in the second quarter. J.Safra Asset Management Corp now owns 1,976 shares of the industrial products company's stock worth $263,000 after purchasing an additional 153 shares in the last quarter. Finally, Sagespring Wealth Partners LLC raised its position in shares of Emerson Electric by 46.9% in the second quarter. Sagespring Wealth Partners LLC now owns 9,808 shares of the industrial products company's stock valued at $1,308,000 after purchasing an additional 3,133 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.2%

EMR stock opened at $129.70 on Wednesday. The company's 50 day moving average is $132.16 and its 200 day moving average is $125.51. The stock has a market cap of $73.00 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. 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 released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date was 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 presently 45.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EMR shares. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Bank of America boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Emerson Electric in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $145.56.

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.

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