Impax Asset Management Group plc Has $10.33 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Impax Asset Management Group plc decreased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,207 shares of the industrial products company's stock after selling 10,519 shares during the period. Impax Asset Management Group plc's holdings in Emerson Electric were worth $10,329,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Norges Bank bought a new stake in shares of Emerson Electric in the fourth quarter valued at about $885,886,000. Northern Trust Corp lifted its stake in Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after purchasing an additional 370,560 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EMR. KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Citigroup lifted their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, TD Cowen assumed coverage on shares of Emerson Electric in a report on Monday. They set a "buy" rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $139.21.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $0.40 on Tuesday, reaching $138.80. 3,312,511 shares of the company's stock were exchanged, compared to its average volume of 3,003,602. The company has a fifty day moving average of $122.42 and a 200-day moving average of $118.50. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $139.90. The company has a market capitalization of $78.08 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.69 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

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.