Mirova Has $2.98 Million Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Mirova has increased its stake in Emerson Electric by 43.2%, now owning 27,173 shares valued at approximately $2.98 million.
• Emerson Electric plans to pay a quarterly dividend of $0.5275 per share, representing a 1.6% yield with a dividend payout ratio of 45.38%.
• The company's stock has received a moderate buy rating, with analysts setting a consensus price target of $142.39 per share.

Mirova increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 43.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,173 shares of the industrial products company's stock after acquiring an additional 8,192 shares during the period. Mirova's holdings in Emerson Electric were worth $2,979,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EMR. Freedom Investment Management Inc. raised its stake in Emerson Electric by 3.0% during the first quarter. Freedom Investment Management Inc. now owns 3,943 shares of the industrial products company's stock worth $432,000 after purchasing an additional 113 shares during the period. ICONIQ Capital LLC raised its stake in shares of Emerson Electric by 16.8% during the first quarter. ICONIQ Capital LLC now owns 3,397 shares of the industrial products company's stock valued at $372,000 after purchasing an additional 489 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $311,000. Southeast Asset Advisors LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $219,000. Finally, AIMZ Investment Advisors LLC raised its stake in shares of Emerson Electric by 1.8% during the first quarter. AIMZ Investment Advisors LLC now owns 14,554 shares of the industrial products company's stock valued at $1,596,000 after purchasing an additional 252 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EMR. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company increased 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. Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Stephens boosted their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Performance

EMR stock traded down $2.43 on Friday, reaching $132.13. 819,604 shares of the company were exchanged, compared to its average volume of 3,144,913. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock's fifty day moving average price is $137.47 and its 200 day moving average price is $122.12. The firm has a market capitalization of $74.36 billion, a PE ratio of 28.40, a PEG ratio of 2.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $4.60 billion. During the same period last year, the business earned $1.43 earnings per share. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend 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.