Northwestern Mutual Wealth Management Co. Has $44.48 Million Stock Position in Emerson Electric Co. $EMR

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Emerson Electric Co. by 4.2%, owning a total of approximately $44.48 million worth of shares after acquiring additional stocks in Q1.
• Emerson Electric reported an earnings per share (EPS) of $1.52 for the last quarter, slightly beating analysts' expectations, with revenue of $4.55 billion.
• The company announced a quarterly dividend of $0.5275, equating to an annualized dividend yield of 1.6%, with stockholders of record set to receive it on September 10th.

Northwestern Mutual Wealth Management Co. grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 405,663 shares of the industrial products company's stock after buying an additional 16,425 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of Emerson Electric worth $44,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC boosted its stake in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 2.7%

Shares of EMR stock opened at $133.6260 on Monday. 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 firm's 50-day moving average is $137.06 and its 200-day moving average is $121.85. The stock has a market cap of $75.20 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.61 and a beta of 1.32. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada upped their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup boosted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Two investment 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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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