Temasek Holdings Private Ltd Has $9.31 Million Stake in Emerson Electric Co. $EMR

Key Points

• Temasek Holdings has reduced its stake in Emerson Electric Co. by 9.8%, now holding 84,952 shares worth approximately $9.31 million.
• Recent analysts' ratings indicate a mix of optimism for Emerson Electric, with a consensus rating of "Moderate Buy" and an average price target of $142.39.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, representing an annual yield of 1.6%.

Temasek Holdings Private Ltd decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 9.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,952 shares of the industrial products company's stock after selling 9,261 shares during the quarter. Temasek Holdings Private Ltd's holdings in Emerson Electric were worth $9,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in Emerson Electric in the 4th quarter worth approximately $504,000. Clark Capital Management Group Inc. boosted 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 valued at $749,000 after buying an additional 434 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in shares of Emerson Electric by 14.4% during the 4th quarter. First Manhattan CO. LLC. now owns 7,742 shares of the industrial products company's stock valued at $959,000 after buying an additional 976 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Emerson Electric by 149.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 109,221 shares of the industrial products company's stock valued at $13,536,000 after buying an additional 65,488 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Down 0.4%

Shares of EMR traded down $0.59 during midday trading on Tuesday, reaching $132.14. 1,590,099 shares of the stock were exchanged, compared to its average volume of 2,687,267. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a 50 day simple moving average of $137.50 and a 200-day simple moving average of $122.52. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.37 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.59 and a beta of 1.30.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's payout ratio is currently 45.38%.

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.