Emerson Electric Co. $EMR Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its stake in Emerson Electric Co. by 8.6%, now holding 196,423 shares valued at approximately $21.5 million.
• Emerson Electric reported earnings per share of $1.52, slightly exceeding analysts' expectations, with a revenue of $4.55 billion for the quarter, which represents a 3.9% year-over-year growth.
• The company announced a quarterly dividend of $0.5275 payable on September 10, reflecting an annualized yield of 1.6% and a dividend payout ratio of 45.38%.

Russell Investments Group Ltd. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 196,423 shares of the industrial products company's stock after selling 18,432 shares during the period. Russell Investments Group Ltd.'s holdings in Emerson Electric were worth $21,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clark Capital Management Group Inc. lifted 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 acquiring an additional 434 shares during the last quarter. First Horizon Advisors Inc. raised its position in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares in the last quarter. North Capital Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $211,000. Zurich Insurance Group Ltd FI bought a new stake in Emerson Electric during the 4th quarter valued at $3,003,000. Finally, Golden State Equity Partners bought a new stake in Emerson Electric during the 1st quarter valued at $459,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 3.2%

Shares of NYSE:EMR traded up $4.1820 on Friday, reaching $134.2720. The company had a trading volume of 1,319,151 shares, compared to its average volume of 3,149,305. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm's 50 day simple moving average is $136.89 and its 200-day simple moving average is $121.87. The firm has a market capitalization of $75.57 billion, a PE ratio of 28.89, a PEG ratio of 2.55 and a beta of 1.32. 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 (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be 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 is Friday, August 15th. Emerson Electric's payout ratio is 45.38%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EMR shares. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

About Emerson Electric

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.