Emerson Electric Co. $EMR Stock Position Lifted by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its stake in Emerson Electric Co. to 6,680,959 shares, valuing its holdings at approximately $732.5 million as of the last quarter.
• Several institutional investors have significantly boosted their stakes in Emerson Electric, contributing to institutional ownership of 74.30% of the company's stock.
• Emerson Electric has recently announced a quarterly dividend of $0.5275, resulting in an annualized dividend yield of 1.6%.

Northern Trust Corp grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,680,959 shares of the industrial products company's stock after buying an additional 4,791 shares during the quarter. Northern Trust Corp owned about 1.19% of Emerson Electric worth $732,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clark Capital Management Group Inc. raised its holdings in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after purchasing an additional 5,504 shares in the last quarter. North Capital Inc. bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $211,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $3,003,000. Finally, Golden State Equity Partners bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $459,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on EMR shares. Robert W. Baird dropped 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. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Stephens boosted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Bank of America boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Trading Up 2.7%

Shares of EMR stock traded up $3.5360 during trading hours on Friday, reaching $133.6260. 3,643,223 shares of the stock traded hands, compared to its average volume of 3,837,648. The business has a fifty day moving average price of $137.06 and a 200 day moving average price of $121.91. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market capitalization of $75.20 billion, a PE ratio of 28.74, a PEG ratio of 2.54 and a beta of 1.32. 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 (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast 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 dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's payout ratio is presently 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.