Perpetual Ltd Has $184.61 Million Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Perpetual Ltd increased its holdings in Emerson Electric Co. by 17.3%, acquiring an additional 204,358 shares, bringing its total shares to 1,384,613, which represents approximately 2.2% of its total holdings.
• Emerson Electric recently reported a quarterly earnings per share (EPS) of $1.52, exceeding expectations, with revenues of $4.55 billion for the quarter.
• The company declared a quarterly dividend of $0.5275, translating to an annualized amount of $2.11 and a yield of 1.6%.

Perpetual Ltd increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 17.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,384,613 shares of the industrial products company's stock after purchasing an additional 204,358 shares during the quarter. Emerson Electric accounts for 2.2% of Perpetual Ltd's portfolio, making the stock its 11th largest position. Perpetual Ltd owned 0.25% of Emerson Electric worth $184,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the 4th quarter worth $27,000. Saudi Central Bank acquired a new position in Emerson Electric during the 1st quarter worth $25,000. Ameriflex Group Inc. acquired a new position in Emerson Electric during the 4th quarter worth $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric during the 1st quarter worth $27,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EMR. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup raised 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. Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $0.54 on Monday, reaching $132.88. The stock had a trading volume of 3,109,120 shares, compared to its average volume of 3,140,831. The business's 50-day moving average price is $136.63 and its two-hundred day moving average price is $123.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market cap of $74.78 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.55 billion during 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 revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio is presently 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.