Kovitz Investment Group Partners LLC Purchases 9,168 Shares of Emerson Electric Co. $EMR

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Emerson Electric Co. by 15.8%, owning a total of 67,265 shares valued at $7,375,000 after purchasing additional shares in the first quarter.
• Several other institutional investors added to their stakes, with Brighton Jones LLC increasing its stake by 74.1% in the fourth quarter.
• Barclays and Royal Bank of Canada upgraded Emerson Electric's stock ratings, leading to an average target price of $142.39 and an overall rating of "Moderate Buy" from analysts.

Kovitz Investment Group Partners LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,265 shares of the industrial products company's stock after buying an additional 9,168 shares during the period. Kovitz Investment Group Partners LLC's holdings in Emerson Electric were worth $7,375,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EMR. Cookson Peirce & Co. Inc. bought a new position in shares of Emerson Electric in the 1st quarter valued at approximately $2,095,000. William B. Walkup & Associates Inc. grew its stake in shares of Emerson Electric by 8.0% in the first quarter. William B. Walkup & Associates Inc. now owns 11,109 shares of the industrial products company's stock worth $1,218,000 after acquiring an additional 820 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Emerson Electric by 8.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,486 shares of the industrial products company's stock worth $1,917,000 after purchasing an additional 1,373 shares during the period. S Bank Fund Management Ltd acquired a new position in Emerson Electric in the 1st quarter valued at approximately $3,183,000. Finally, National Pension Service boosted its stake in Emerson Electric by 8.8% during the first quarter. National Pension Service now owns 1,375,643 shares of the industrial products company's stock worth $150,825,000 after buying an additional 110,839 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EMR shares. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Robert W. Baird reduced their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Down 0.6%

EMR traded down $0.7690 during trading on Thursday, hitting $130.1210. The company had a trading volume of 726,947 shares, compared to its average volume of 3,148,455. 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 company has a market capitalization of $73.23 billion, a PE ratio of 28.02, a PEG ratio of 2.57 and a beta of 1.32. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm's 50-day moving average price is $136.83 and its 200 day moving average price is $121.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly 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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The business's revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Emerson Electric Company 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.