National Pension Service Purchases 110,839 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• The National Pension Service increased its holdings in Emerson Electric Co. by **8.8%**, acquiring **110,839 shares**, bringing its total ownership to **1,375,643 shares** valued at **$150.8 million**.
• Several analysts have upgraded Emerson Electric's stock ratings, including Bank of America raising its target price from **$130** to **$155**, with a consensus target price now at **$142.39**.
• Emerson Electric recently reported **$1.52** earnings per share, exceeding estimates, and announced a quarterly dividend of **$0.5275 per share**, reflecting an annual yield of **1.6%**.

National Pension Service lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,375,643 shares of the industrial products company's stock after buying an additional 110,839 shares during the period. National Pension Service owned about 0.24% of Emerson Electric worth $150,825,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EMR. Klingman & Associates LLC purchased a new position in Emerson Electric during the first quarter worth $391,000. MSH Capital Advisors LLC increased its position in Emerson Electric by 0.8% during the first quarter. MSH Capital Advisors LLC now owns 21,665 shares of the industrial products company's stock worth $2,375,000 after buying an additional 176 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Emerson Electric during the first quarter worth $69,000. LGT Group Foundation increased its position in Emerson Electric by 159.5% during the first quarter. LGT Group Foundation now owns 297,879 shares of the industrial products company's stock worth $32,659,000 after buying an additional 183,072 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company's stock worth $39,000 after buying an additional 288 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stephens raised their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Price Performance

NYSE EMR traded down $2.59 during trading on Friday, reaching $131.78. 3,316,383 shares of the company traded hands, compared to its average volume of 3,822,612. The company has a market cap of $74.17 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock's 50 day moving average price is $136.53 and its two-hundred day moving average price is $121.77.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate 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 was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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