Goldman Sachs Group Inc. Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Goldman Sachs Group Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,793,436 shares of the industrial products company's stock after buying an additional 579,653 shares during the quarter. Goldman Sachs Group Inc. owned about 0.67% of Emerson Electric worth $415,912,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. raised its holdings in Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after buying an additional 434 shares during the period. First Horizon Advisors Inc. increased its position in shares of Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after acquiring an additional 5,504 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $211,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $3,003,000. Finally, Legacy Financial Advisors Inc. purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $314,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.9%

Emerson Electric stock opened at $132.75 on Friday. The stock has a market cap of $74.67 billion, a PE ratio of 28.55, a P/E/G ratio of 2.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.59. The stock's fifty day moving average is $135.07 and its two-hundred day moving average is $121.69. 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 issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for 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 business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $125.00 to $127.00 in a research report on Thursday. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $142.39.

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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