Nicolet Bankshares Inc. Acquires New Shares in Emerson Electric Co. $EMR

Key Points

• Nicolet Bankshares Inc. acquired a new stake in Emerson Electric Co., purchasing 2,299 shares valued at approximately $252,000 in the first quarter.
• Emerson Electric recently reported earnings of $1.52 per share, surpassing analyst estimates, and announced a quarterly dividend of $0.5275 per share.
• The stock has received various ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $142.39.

Nicolet Bankshares Inc. purchased a new stake in 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 2,299 shares of the industrial products company's stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new position in Emerson Electric during the 1st quarter worth about $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after acquiring an additional 2,946,310 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Emerson Electric by 4,583.7% in the first 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 last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after purchasing an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Emerson Electric by 12,707.7% in the first 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 in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $2.65 during trading on Friday, reaching $131.91. 2,345,603 shares of the stock were exchanged, compared to its average volume of 3,749,064. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a 50-day moving average price of $137.54 and a 200-day moving average price of $122.15. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $74.24 billion, a PE ratio of 28.37, a PEG ratio of 2.63 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm's quarterly revenue was up 3.9% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Robert W. Baird lowered their target price 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. JPMorgan Chase & Co. increased their price target 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. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Bank of America raised 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 research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $142.39.

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.