Emerson Electric Co. $EMR Stock Holdings Lessened by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Emerson Electric Co. by 14.1%, selling 3,348 shares and now holds a total of 20,479 shares valued at approximately $2.24 million.
• A range of analysts have recently adjusted their ratings and price targets for Emerson Electric, with the average price target now at $142.39 and a consensus rating of "Moderate Buy".
• Emerson Electric announced a quarterly dividend of $0.5275 per share, which will be paid on September 10th, offering an annualized dividend yield of 1.6%.

OMERS ADMINISTRATION Corp lessened its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,479 shares of the industrial products company's stock after selling 3,348 shares during the period. OMERS ADMINISTRATION Corp's holdings in Emerson Electric were worth $2,245,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EMR. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Emerson Electric by 20.6% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 76,357 shares of the industrial products company's stock valued at $8,372,000 after purchasing an additional 13,017 shares in the last quarter. Silvant Capital Management LLC increased its holdings in Emerson Electric by 1.9% during the 1st quarter. Silvant Capital Management LLC now owns 14,904 shares of the industrial products company's stock valued at $1,634,000 after acquiring an additional 277 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Emerson Electric by 6.6% during the first quarter. CreativeOne Wealth LLC now owns 3,490 shares of the industrial products company's stock worth $383,000 after buying an additional 217 shares in the last quarter. Nicolet Bankshares Inc. purchased a new stake in shares of Emerson Electric during the first quarter worth about $252,000. Finally, FORA Capital LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $3,388,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EMR. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Up 2.2%

EMR traded up $2.82 during trading on Thursday, hitting $132.32. The company had a trading volume of 1,428,113 shares, compared to its average volume of 3,134,474. The company has a market cap of $74.47 billion, a PE ratio of 28.42, a P/E/G ratio of 2.58 and a beta of 1.30. The business has a 50-day moving average of $137.60 and a 200-day moving average of $122.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year 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 for the quarter, topping 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%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

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.