Emerson Electric Co. (NYSE:EMR) Shares Acquired by LGT Group Foundation

Key Points

• LGT Group Foundation increased its stake in Emerson Electric Co. by 159.5%, acquiring an additional 183,072 shares, bringing its total to approximately 297,879 shares valued at $32.66 million.
• Several major investors, including JPMorgan Chase and Goldman Sachs, have also raised their holdings in Emerson Electric, indicating strong institutional interest with over 74.30% of the stock owned by hedge funds and other institutional investors.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, yielding 1.6%, with a payout ratio of 45.38%.

LGT Group Foundation lifted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 159.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,879 shares of the industrial products company's stock after buying an additional 183,072 shares during the period. LGT Group Foundation owned about 0.05% of Emerson Electric worth $32,659,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Clark Capital Management Group Inc. raised its holdings in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares during the period. North Capital Inc. acquired a new position in Emerson Electric in the 1st quarter valued at about $211,000. Zurich Insurance Group Ltd FI acquired a new position in Emerson Electric in the 4th quarter valued at about $3,003,000. Finally, Golden State Equity Partners acquired a new position in Emerson Electric in the 1st quarter valued at about $459,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 1.9%

Shares of Emerson Electric stock traded down $2.59 during trading on Friday, reaching $131.78. 3,316,383 shares of the stock were exchanged, compared to its average volume of 3,822,612. 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 stock's fifty day moving average is $136.53 and its 200 day moving average is $121.82. The firm has a market cap of $74.17 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.32. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

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

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird cut their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Bank of America lifted 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, 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 note on Thursday, May 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, 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.