Maverick Capital Ltd. Purchases Shares of 11,235 Emerson Electric Co. $EMR

Key Points

• Maverick Capital Ltd. has acquired a new stake in Emerson Electric Co. by purchasing 11,235 shares valued at approximately $1.23 million.
• Emerson Electric declared a quarterly dividend of $0.5275, which reflects an annualized dividend yield of 1.6%.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for Emerson Electric, with price targets ranging from $124.00 to $155.00.

Maverick Capital Ltd. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,235 shares of the industrial products company's stock, valued at approximately $1,232,000.

Several other institutional investors have also bought and sold shares of EMR. Wellington Management Group LLP raised its holdings in Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Emerson Electric by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after purchasing an additional 611,105 shares in the last quarter. Nuveen LLC bought a new stake in Emerson Electric during the first quarter worth approximately $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Emerson Electric by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after purchasing an additional 339,355 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock worth $415,912,000 after purchasing an additional 579,653 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

EMR has been the topic of several research reports. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price 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. Finally, Bank of America boosted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Down 0.4%

Shares of Emerson Electric stock traded down $0.56 on Friday, hitting $132.54. 3,207,884 shares of the company traded hands, compared to its average volume of 2,654,395. The company has a 50-day moving average price of $137.59 and a 200 day moving average price of $122.41. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market cap of $74.59 billion, a PE ratio of 28.50, a PEG ratio of 2.59 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS 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 for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. Sell-side analysts predict 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. Investors of record on Friday, August 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio is currently 45.38%.

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.