Integrated Wealth Concepts LLC Has $1.92 Million Stock Position in Emerson Electric Co. $EMR

Key Points

• Integrated Wealth Concepts LLC reduced its stake in Emerson Electric Co. by 21.1%, selling 4,690 shares, which resulted in holdings of 17,545 shares valued at approximately $1.92 million.
• Investment firms such as Saudi Central Bank and Vega Investment Solutions have recently acquired new stakes in Emerson Electric, contributing to a significant level of institutional ownership at 74.30%.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, reflecting a 1.6% yield, with a payout ratio of 45.38%.

Integrated Wealth Concepts LLC lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,545 shares of the industrial products company's stock after selling 4,690 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Emerson Electric were worth $1,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after purchasing an additional 980,652 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC bought a new stake in Emerson Electric during the 1st quarter worth approximately $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Emerson Electric by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after acquiring an additional 339,355 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Emerson Electric by 18.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock worth $415,912,000 after acquiring an additional 579,653 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EMR shares. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, KeyCorp raised their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Trading Down 1.7%

Emerson Electric stock traded down $2.28 during mid-day trading on Friday, hitting $135.19. 1,821,855 shares of the company's stock were exchanged, compared to its average volume of 2,516,617. The company's 50 day simple moving average is $137.38 and its 200-day simple moving average is $122.82. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $76.08 billion, a P/E ratio of 29.07, a PEG ratio of 2.68 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last posted 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 firm 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 company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

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.