Ieq Capital LLC Has $1.17 Million Position in Emerson Electric Co. $EMR

Key Points

• Ieq Capital LLC reduced its stake in Emerson Electric Co. by 45.7% in Q1, owning only 10,649 shares after selling 8,974 shares.
• Emerson Electric reported a quarterly earnings per share (EPS) of $1.52, exceeding analysts' estimates, with revenues of $4.55 billion for the quarter.
• A quarterly dividend of $0.5275 per share will be paid on September 10th, resulting in an annualized yield of 1.6%.

Ieq Capital LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 45.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,649 shares of the industrial products company's stock after selling 8,974 shares during the period. Ieq Capital LLC's holdings in Emerson Electric were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Brighton Jones LLC lifted its holdings in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Emerson Electric by 83.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 16,112 shares of the industrial products company's stock valued at $1,997,000 after acquiring an additional 7,319 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of Emerson Electric by 24.2% during the fourth quarter. Ancora Advisors LLC now owns 2,391 shares of the industrial products company's stock valued at $296,000 after acquiring an additional 466 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Emerson Electric by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 997,659 shares of the industrial products company's stock valued at $123,637,000 after acquiring an additional 5,822 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $1,305,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Two 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Price Performance

EMR stock traded down $0.56 on Friday, hitting $132.54. 3,207,884 shares of the company's stock traded hands, compared to its average volume of 2,654,395. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a market cap of $74.59 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 2.59 and a beta of 1.30. The stock has a fifty day moving average of $137.59 and a 200-day moving average of $122.41. 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 (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. 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.