LGT Fund Management Co Ltd. Purchases 6,883 Shares of Emerson Electric Co. $EMR

Key Points

• LGT Fund Management Co Ltd. increased its stake in Emerson Electric Co. by 63.9%, acquiring an additional 6,883 shares, bringing total holdings to 17,650 shares valued at approximately $2.35 million.
• The company's recent quarterly earnings showed a slight increase, reporting $1.52 earnings per share, beating estimates by $0.01, and a revenue of $4.55 billion.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, resulting in an annualized dividend yield of 1.6%.

LGT Fund Management Co Ltd. raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 63.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,650 shares of the industrial products company's stock after buying an additional 6,883 shares during the period. LGT Fund Management Co Ltd.'s holdings in Emerson Electric were worth $2,353,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in EMR. Saudi Central Bank bought a new stake in Emerson Electric in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric in the first quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC lifted its stake in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the period. Finally, Garde Capital Inc. acquired a new position in Emerson Electric in the first quarter valued at about $36,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $134.79 on Friday. 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 firm has a market cap of $75.86 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The stock's 50-day moving average is $134.13 and its 200-day moving average is $124.55. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last posted 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. The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio is currently 45.38%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EMR. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of Emerson Electric in a research note on Saturday, September 27th. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $144.88.

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.

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