Jump Financial LLC Boosts Stake in Emerson Electric Co. $EMR

Key Points

• Jump Financial LLC increased its stake in Emerson Electric Co. by 136.8%, owning 4,760 shares worth $522,000 after acquiring an additional 2,750 shares.
• Emerson Electric recently reported an earnings per share (EPS) of $1.52, exceeding the consensus estimate of $1.51, with quarterly revenue of $4.55 billion.
• The company's quarterly dividend of $0.5275 per share will be paid on September 10th, representing an annualized dividend yield of 1.6%.

Jump Financial LLC grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 136.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,760 shares of the industrial products company's stock after purchasing an additional 2,750 shares during the quarter. Jump Financial LLC's holdings in Emerson Electric were worth $522,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in 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 valued at $1,675,403,000 after acquiring an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after acquiring an additional 611,105 shares in the last quarter. Nuveen LLC bought a new stake in Emerson Electric during the 1st quarter valued at approximately $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Emerson Electric by 9.6% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 valued at $415,912,000 after acquiring an additional 579,653 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR traded down $1.79 during mid-day trading on Friday, hitting $131.31. 722,579 shares of the company traded hands, compared to its average volume of 3,129,036. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a 50-day moving average price of $137.60 and a two-hundred day moving average price of $122.35. 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 $73.90 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.52 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $142.39.

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.