L. Roy Papp & Associates LLP Has $7.31 Million Stake in Emerson Electric Co. $EMR

Key Points

• L. Roy Papp & Associates LLP reduced its stake in Emerson Electric Co. by 6.6%, now holding 54,857 shares valued at approximately $7.31 million.
• Analysts have a consensus rating of "Moderate Buy" for Emerson Electric, with targets ranging from $144.29 to $165.00 per share.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, reflecting an annualized dividend yield of 1.6%.

L. Roy Papp & Associates LLP decreased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,857 shares of the industrial products company's stock after selling 3,873 shares during the period. L. Roy Papp & Associates LLP's holdings in Emerson Electric were worth $7,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC grew its stake in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, PFS Partners LLC grew its stake in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on EMR shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Emerson Electric in a research note on Wednesday. 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. Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.29.

Emerson Electric Price Performance

Shares of EMR stock opened at $131.44 on Friday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock has a market cap of $73.97 billion, a PE ratio of 28.27, a PEG ratio of 2.31 and a beta of 1.29. 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 firm's 50 day moving average price is $132.98 and its two-hundred day moving average price is $125.09.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.60 billion. During the same period last year, the firm earned $1.43 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared 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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

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.

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