3,541 Shares in Emerson Electric Co. $EMR Acquired by Retirement Planning Co of New England Inc.

Key Points

• Retirement Planning Co of New England Inc. invested approximately $388,000 in Emerson Electric Co. by acquiring 3,541 shares in the 1st quarter.
• Emerson Electric reported a quarterly earnings per share (EPS) of $1.52, exceeding estimates, while revenue was $4.55 billion, slightly below expectations.
• Emerson Electric has announced a quarterly dividend of $0.5275 per share, resulting in an annualized dividend of $2.11 and a yield of 1.6%.

Retirement Planning Co of New England Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,541 shares of the industrial products company's stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Nuveen LLC acquired a new position in shares of Emerson Electric during the first quarter worth about $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after acquiring an additional 2,946,310 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after acquiring an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Emerson Electric by 12,707.7% in the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after acquiring an additional 1,117,646 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $0.56 during trading on Friday, hitting $132.54. 3,207,884 shares of the company traded hands, compared to its average volume of 3,144,986. The stock has a market capitalization of $74.59 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.52 and a beta of 1.30. The business's fifty day moving average is $137.60 and its 200-day moving average is $122.35. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. 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 (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio is 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.