Emerson Electric Co. (NYSE:EMR) Shares Acquired by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. significantly increased its holdings in Emerson Electric Co. by 192.1% in the first quarter, owning 13,009 shares valued at approximately $1.43 million.
• Analysts have mixed views on Emerson Electric, with price targets ranging from $118 to $155, and an overall average rating of "Moderate Buy".
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, reflecting an annualized yield of 1.41% and a payout ratio of 50.48%.

Phoenix Financial Ltd. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 192.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,009 shares of the industrial products company's stock after purchasing an additional 8,556 shares during the quarter. Phoenix Financial Ltd.'s holdings in Emerson Electric were worth $1,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Norges Bank acquired a new stake in Emerson Electric during the 4th quarter worth $885,886,000. Northern Trust Corp boosted its position in shares of Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after acquiring an additional 370,560 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Emerson Electric by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock valued at $478,710,000 after acquiring an additional 339,355 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 0.7%

Shares of Emerson Electric stock traded down $0.98 on Wednesday, reaching $146.63. 1,691,462 shares of the company were exchanged, compared to its average volume of 3,051,523. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market cap of $82.48 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 2.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock's 50 day moving average price is $132.01 and its 200-day moving average price is $120.79.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 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 research report on Wednesday, July 16th. KeyCorp boosted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Barclays boosted their price objective on shares of Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.28.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

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.