SCS Capital Management LLC Invests $887,000 in Emerson Electric Co. $EMR

Key Points

• SCS Capital Management LLC has acquired a new stake in Emerson Electric Co., purchasing 8,093 shares valued at approximately $887,000.
• Emerson Electric reported a quarterly earnings per share (EPS) of $1.52, surpassing estimates, along with a net margin of 14.92% and a revenue of $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, reflecting an annualized dividend of $2.11 and a yield of 1.6%.

SCS Capital Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,093 shares of the industrial products company's stock, valued at approximately $887,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Emerson Electric by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company's stock worth $448,053,000 after acquiring an additional 223,831 shares during the last quarter. McIlrath & Eck LLC raised its position in Emerson Electric by 29.2% in the 1st quarter. McIlrath & Eck LLC now owns 1,105 shares of the industrial products company's stock worth $121,000 after purchasing an additional 250 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Emerson Electric during the 1st quarter worth $311,000. Ascent Group LLC boosted its position in Emerson Electric by 10.2% in the 1st quarter. Ascent Group LLC now owns 10,265 shares of the industrial products company's stock valued at $1,125,000 after buying an additional 948 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its stake in shares of Emerson Electric by 20.3% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 15,059 shares of the industrial products company's stock valued at $1,651,000 after buying an additional 2,546 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Down 1.7%

Shares of NYSE EMR traded down $2.28 during midday trading on Friday, reaching $135.19. 1,821,855 shares of the stock were exchanged, compared to its average volume of 2,516,617. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The business has a 50-day simple moving average of $137.38 and a two-hundred day simple moving average of $122.82.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the business posted $1.43 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Analysts Set New Price Targets

Several research firms recently issued reports on EMR. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens raised their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company 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.