Partners Capital Investment Group LLP Takes $352,000 Position in Emerson Electric Co. $EMR

Key Points

• Partners Capital Investment Group LLP has acquired a new position in Emerson Electric Co. valued at approximately $352,000, purchasing 3,208 shares.
• Emerson Electric reported a quarterly earnings per share of $1.52, beating analysts' expectations, while also posting a revenue of $4.55 billion.
• The company declared a quarterly dividend of $0.5275 per share, which represents an annualized yield of 1.6%.

Partners Capital Investment Group LLP bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,208 shares of the industrial products company's stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clark Capital Management Group Inc. increased its holdings in shares of Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares in the last quarter. North Capital Inc. purchased a new position in shares of Emerson Electric in the first quarter worth $211,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Emerson Electric during the fourth quarter worth $3,003,000. Finally, Golden State Equity Partners purchased a new stake in shares of Emerson Electric during the first quarter valued at $459,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.7%

Shares of EMR stock opened at $129.9810 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock has a market cap of $73.15 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.55 and a beta of 1.32. The stock has a 50 day moving average of $136.89 and a 200 day moving average of $121.87. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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. The business 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 business's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EMR shares. KeyCorp raised their target price on 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 raised their price objective on 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 upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.

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