Emerson Electric Co. $EMR Shares Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its stake in Emerson Electric Co. by 11.8%, now holding approximately $79.04 million worth of stock.
• Emerson's stock has a current consensus rating of "Moderate Buy" with a target price of $142.39, reflecting positive analyst sentiment.
• The company recently announced a quarterly dividend of $0.5275 per share, representing an annual yield of 1.6%.

The Manufacturers Life Insurance Company raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 720,927 shares of the industrial products company's stock after purchasing an additional 76,186 shares during the period. The Manufacturers Life Insurance Company owned 0.13% of Emerson Electric worth $79,041,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in Emerson Electric in the 1st quarter worth $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of 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 in the last quarter. Pacer Advisors Inc. boosted its stake in Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after buying an additional 2,138,397 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after buying an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after acquiring an additional 1,117,646 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.4%

Shares of Emerson Electric stock traded down $1.81 on Wednesday, reaching $129.57. The stock had a trading volume of 2,059,785 shares, compared to its average volume of 3,145,727. The stock has a market capitalization of $72.92 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.58 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. 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 50 day moving average price of $137.60 and a 200 day moving average price of $122.24.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $4.55 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $1.43 earnings per share. As a group, equities 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 issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's payout ratio is 45.38%.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Company 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.