Integrity Alliance LLC. Takes Position in Emerson Electric Co. $EMR

Key Points

• Integrity Alliance LLC invested approximately $1.03 million in Emerson Electric Co., acquiring 9,394 shares during the first quarter.
• Analyst ratings for Emerson Electric show a consensus of "Moderate Buy" with a target price range increasing from $113.00 to $165.00 across multiple firms.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, representing an annual yield of 1.5% and a payout ratio of 45.38%.

Integrity Alliance LLC. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,394 shares of the industrial products company's stock, valued at approximately $1,030,000.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Nuveen LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at $737,318,000. Pacer Advisors Inc. grew its holdings in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Emerson Electric by 218.7% during the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after acquiring an additional 1,693,999 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after acquiring an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after acquiring an additional 1,117,646 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EMR. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup upped their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Stephens upped their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Performance

Emerson Electric stock traded up $2.04 on Wednesday, reaching $131.07. 1,381,084 shares of the stock were exchanged, compared to its average volume of 3,114,261. The stock has a market cap of $73.77 billion, a PE ratio of 28.17, a PEG ratio of 2.64 and a beta of 1.30. 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 Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a fifty day moving average price of $137.14 and a two-hundred day moving average price of $123.00.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is currently 45.38%.

Emerson Electric 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.