Teza Capital Management LLC Purchases Shares of 2,490 Emerson Electric Co. $EMR

Key Points

• Teza Capital Management LLC has acquired a new stake in Emerson Electric Co., purchasing 2,490 shares valued at approximately $273,000 during the first quarter.
• Emerson Electric recently reported quarterly earnings of $1.52 per share, slightly beating analyst estimates, with revenues of $4.55 billion for the quarter.
• The company declared a quarterly dividend of $0.5275, resulting in an annualized dividend of $2.11 and a yield of 1.6%.

Teza Capital Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,490 shares of the industrial products company's stock, valued at approximately $273,000.

Several other hedge funds also recently modified their holdings of the company. UniSuper Management Pty Ltd increased its holdings in shares of Emerson Electric by 6.9% during the first quarter. UniSuper Management Pty Ltd now owns 42,927 shares of the industrial products company's stock worth $4,707,000 after buying an additional 2,763 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $295,000. Plancorp LLC increased its holdings in shares of Emerson Electric by 2.8% during the first quarter. Plancorp LLC now owns 335,562 shares of the industrial products company's stock worth $36,791,000 after buying an additional 9,225 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Emerson Electric by 3.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 72,819 shares of the industrial products company's stock worth $7,984,000 after buying an additional 2,125 shares in the last quarter. Finally, Gotham Asset Management LLC increased its holdings in shares of Emerson Electric by 1.1% in the first quarter. Gotham Asset Management LLC now owns 216,790 shares of the industrial products company's stock valued at $23,769,000 after purchasing an additional 2,438 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Stephens raised their price objective 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. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

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. The business has a 50-day simple moving average of $137.38 and a two-hundred day simple moving average of $122.82. 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. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. 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 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 was 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.