29,034 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd invested approximately $3.18 million in Emerson Electric Co., acquiring 29,034 shares during the first quarter according to SEC filings.
• Despite a 3.9% year-over-year revenue increase to $4.55 billion, Emerson reported slightly lower-than-expected earnings and revenue compared to analysts' forecasts.
• Emerson Electric recently declared a quarterly dividend of $0.5275, representing an annual yield of 1.6%, with the ex-dividend date set for August 15th.

S Bank Fund Management Ltd bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,034 shares of the industrial products company's stock, valued at approximately $3,183,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Emerson Electric in the first quarter worth $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in 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 buying an additional 2,946,310 shares during the last quarter. Pacer Advisors Inc. lifted its position in 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 buying an additional 2,138,397 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 buying an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in 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 buying an additional 1,117,646 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of several research analyst reports. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Price Performance

Shares of EMR traded down $2.59 during trading hours on Friday, hitting $131.78. 3,316,383 shares of the stock were exchanged, compared to its average volume of 3,822,612. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market cap of $74.17 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32. The stock's 50-day moving average price is $136.53 and its two-hundred day moving average price is $121.77.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.5275 dividend. 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 45.38%.

Emerson Electric 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.