J. Safra Sarasin Holding AG Acquires 123,254 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• J. Safra Sarasin Holding AG has increased its stake in Emerson Electric Co. by 21.9%, acquiring an additional 123,254 shares to total 684,830 shares, representing 1.4% of its portfolio.
• Emerson Electric reported $1.48 EPS for the last quarter, surpassing expectations, and revenue increased by 1.3% year-over-year to $4.43 billion.
• The company announced a quarterly dividend of $0.5275 per share, yielding 1.5%, with a payout ratio of 50.48%.

J. Safra Sarasin Holding AG grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 684,830 shares of the industrial products company's stock after buying an additional 123,254 shares during the quarter. Emerson Electric makes up about 1.4% of J. Safra Sarasin Holding AG's investment portfolio, making the stock its 18th largest holding. J. Safra Sarasin Holding AG owned approximately 0.12% of Emerson Electric worth $75,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Northern Trust Corp raised 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 valued at $827,377,000 after buying an additional 370,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Emerson Electric by 9.6% during the fourth 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 valued at $478,710,000 after buying an additional 339,355 shares during the last quarter. Royal Bank of Canada raised its stake in Emerson Electric by 10.0% during the fourth quarter. Royal Bank of Canada now owns 3,309,998 shares of the industrial products company's stock valued at $410,207,000 after buying an additional 299,929 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Emerson Electric by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,670 shares of the industrial products company's stock valued at $356,886,000 after buying an additional 254,224 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.87 during trading hours on Monday, hitting $142.65. The company's stock had a trading volume of 4,189,903 shares, compared to its average volume of 2,980,583. The business has a 50 day moving average price of $133.64 and a two-hundred day moving average price of $121.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market cap of $80.24 billion, a PE ratio of 34.13, a PEG ratio of 2.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Barclays lifted their target price on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.

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.