Emerson Electric Co. $EMR Holdings Boosted by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Emerson Electric Co. by acquiring 11,095 shares, bringing its total holdings to approximately 1.52 million shares valued at $167.1 million.
• Emerson Electric recently reported Q2 earnings of $1.52 per share, exceeding analysts' expectations, with a 14.92% net margin and an increase in revenue by 3.9% year-over-year.
• The company announced a quarterly dividend of $0.5275 per share, with an annualized yield of 1.6%, set to be paid on September 10th.

Price T Rowe Associates Inc. MD increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,523,931 shares of the industrial products company's stock after buying an additional 11,095 shares during the period. Price T Rowe Associates Inc. MD owned about 0.27% of Emerson Electric worth $167,085,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its stake in shares of Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares in the last quarter. First Horizon Advisors Inc. increased its position in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after buying an additional 5,504 shares in the last quarter. North Capital Inc. acquired a new position in shares of Emerson Electric in the first quarter worth $211,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $3,003,000. Finally, Golden State Equity Partners acquired 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.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Down 1.7%

Shares of EMR traded down $2.33 during midday trading on Friday, hitting $132.22. The company had a trading volume of 1,222,739 shares, compared to its average volume of 3,147,400. The stock has a market cap of $74.41 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.60 and a beta of 1.32. The company's 50 day moving average price is $137.47 and its 200 day moving average price is $122.12. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. 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 posted its quarterly earnings results 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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the firm earned $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend 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 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.