Kodai Capital Management LP Buys Shares of 508,327 Emerson Electric Co. $EMR

Key Points

• Kodai Capital Management LP has acquired a new stake in Emerson Electric Co., purchasing 508,327 shares valued at approximately $55.7 million, making it the firm's 6th largest position.
• Emerson Electric's stock has received mixed analyst ratings, with a current average rating of "Moderate Buy" and a target price around $142.39.
• The company recently declared a quarterly dividend of $0.5275 per share, yielding 1.6%, with a payout ratio of 45.38%.

Kodai Capital Management LP acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 508,327 shares of the industrial products company's stock, valued at approximately $55,733,000. Emerson Electric makes up about 2.2% of Kodai Capital Management LP's portfolio, making the stock its 6th largest holding. Kodai Capital Management LP owned approximately 0.09% of Emerson Electric at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the fourth quarter valued at $27,000. Ameriflex Group Inc. bought a new position in Emerson Electric in the fourth quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric in the first quarter valued at $27,000. Finally, Inlight Wealth Management LLC bought a new position in Emerson Electric in the first quarter valued at $28,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Emerson Electric stock traded down $1.96 during midday trading on Wednesday, hitting $129.43. The company's stock had a trading volume of 565,055 shares, compared to its average volume of 3,136,314. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a 50-day moving average price of $137.60 and a two-hundred day moving average price of $122.24. The company has a market cap of $72.84 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.58 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business's revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EMR shares. Royal Bank Of Canada raised their target price 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. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Citigroup increased their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.