Neville Rodie & Shaw Inc. Has $6.44 Million Stake in Emerson Electric Co. $EMR

Key Points

• Neville Rodie & Shaw Inc. increased its stake in Emerson Electric Co. by 10.9% during Q2, now holding 48,300 shares valued at $6.44 million.
• Emerson Electric reported $1.52 EPS for the last quarter, slightly above analysts' expectations, and announced a quarterly dividend of $0.5275 per share.
• The company's stock price has decreased by 1.7%, with a current trading value of $135.19 and a market capitalization of $76.08 billion.

Neville Rodie & Shaw Inc. raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,300 shares of the industrial products company's stock after purchasing an additional 4,763 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Emerson Electric were worth $6,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Nuveen LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $737,318,000. Pacer Advisors Inc. raised its stake in shares of Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. raised its stake in shares of Emerson Electric by 218.7% in the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after purchasing an additional 1,333,839 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Down 1.7%

Emerson Electric stock opened at $135.19 on Friday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $76.08 billion, a P/E ratio of 29.07, a PEG ratio of 2.68 and a beta of 1.30. The stock has a 50-day simple moving average of $137.38 and a 200 day simple moving average of $122.82.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter last year, the company posted $1.43 earnings per share. Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was 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 (DPR) is presently 45.38%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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