2,842 Shares in Emerson Electric Co. $EMR Bought by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has purchased 2,842 shares of Emerson Electric Co. for approximately $311,000, marking a new investment in the company during the 1st quarter of the year.
• Emerson Electric recently reported earnings of $1.52 per share, surpassing expectations, along with a revenue of $4.55 billion for the quarter, indicating a 3.9% year-over-year increase.
• The company has announced a quarterly dividend of $0.5275 per share, with a dividend yield of 1.6% and a payout ratio of 45.38% for the current fiscal year.

Quantitative Investment Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,842 shares of the industrial products company's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock valued at $1,675,403,000 after buying an additional 980,652 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after buying an additional 611,105 shares during the last quarter. Nuveen LLC purchased a new stake in Emerson Electric in the first quarter valued at about $737,318,000. Northern Trust Corp raised its stake in Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after buying an additional 370,560 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Emerson Electric by 9.6% in the fourth 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 worth $478,710,000 after purchasing an additional 339,355 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Price Performance

EMR traded down $2.65 during trading on Friday, hitting $131.91. The company's stock had a trading volume of 2,345,603 shares, compared to its average volume of 3,749,064. 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 Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The business's fifty day simple moving average is $137.54 and its 200 day simple moving average is $122.15. The firm has a market capitalization of $74.24 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.63 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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