HighTower Advisors LLC Has $78.54 Million Stake in Emerson Electric Co. (NYSE:EMR)

Key Points

• HighTower Advisors LLC increased its stake in Emerson Electric Co. by 1.6%, acquiring an additional 11,097 shares to hold a total of 716,343 shares, valued at approximately $78.54 million.
• Emerson Electric reported $1.52 earnings per share (EPS) for the last quarter, beating estimates, with a revenue of $4.55 billion, marking a year-over-year increase of 3.9%.
• The company announced a quarterly dividend of $0.5275 per share, with an annualized dividend yield of 1.6%, set to be paid on September 10th.

HighTower Advisors LLC increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 716,343 shares of the industrial products company's stock after acquiring an additional 11,097 shares during the quarter. HighTower Advisors LLC owned about 0.13% of Emerson Electric worth $78,540,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EMR. Public Sector Pension Investment Board grew its position in Emerson Electric by 6.9% in the 1st quarter. Public Sector Pension Investment Board now owns 76,002 shares of the industrial products company's stock worth $8,333,000 after purchasing an additional 4,874 shares during the last quarter. AIA Group Ltd boosted its position in shares of Emerson Electric by 120.6% during the 1st quarter. AIA Group Ltd now owns 5,451 shares of the industrial products company's stock valued at $598,000 after acquiring an additional 2,980 shares in the last quarter. Longfellow Investment Management Co. LLC boosted its position in shares of Emerson Electric by 89.3% during the 1st quarter. Longfellow Investment Management Co. LLC now owns 9,101 shares of the industrial products company's stock valued at $998,000 after acquiring an additional 4,293 shares in the last quarter. Paulson Wealth Management Inc. boosted its position in shares of Emerson Electric by 7.2% during the 1st quarter. Paulson Wealth Management Inc. now owns 2,874 shares of the industrial products company's stock valued at $315,000 after acquiring an additional 192 shares in the last quarter. Finally, SouthState Corp boosted its position in shares of Emerson Electric by 1.8% during the 1st quarter. SouthState Corp now owns 49,102 shares of the industrial products company's stock valued at $5,384,000 after acquiring an additional 875 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR traded down $2.59 on Friday, hitting $131.78. 3,316,383 shares of the stock were exchanged, compared to its average volume of 3,822,612. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The business's fifty day moving average is $136.53 and its 200 day moving average is $121.77. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a market capitalization of $74.17 billion, a PE ratio of 28.34, a P/E/G ratio of 2.57 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid 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 is 45.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp boosted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Citigroup boosted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.