UniSuper Management Pty Ltd Has $4.71 Million Position in Emerson Electric Co. $EMR

Key Points

• UniSuper Management Pty Ltd increased its stake in Emerson Electric Co. by 6.9%, acquiring an additional 2,763 shares in the first quarter, bringing its total holdings to 42,927 shares valued at approximately $4.7 million.
• Several hedge funds and institutional investors also raised their positions in Emerson Electric, contributing to a total of 74.30% of the company's stock being held by these entities.
• Analysts have been optimistic about Emerson Electric, with multiple firms raising their target prices, resulting in a consensus target price of $142.39 and a rating of "Moderate Buy."

UniSuper Management Pty Ltd raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 42,927 shares of the industrial products company's stock after purchasing an additional 2,763 shares during the quarter. UniSuper Management Pty Ltd's holdings in Emerson Electric were worth $4,707,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PharVision Advisers LLC bought a new position in shares of Emerson Electric during the 1st quarter worth about $295,000. Plancorp LLC grew its stake in 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 during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in 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 during the last quarter. Gotham Asset Management LLC lifted its position in shares of Emerson Electric by 1.1% during the first quarter. Gotham Asset Management LLC now owns 216,790 shares of the industrial products company's stock worth $23,769,000 after purchasing an additional 2,438 shares in the last quarter. Finally, DnB Asset Management AS lifted its position in shares of Emerson Electric by 5.6% during the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company's stock worth $100,503,000 after purchasing an additional 48,226 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. JPMorgan Chase & Co. increased their price objective 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. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two equities research 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 given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Down 1.7%

Emerson Electric stock traded down $2.28 during mid-day trading on Friday, reaching $135.19. The company's stock had a trading volume of 1,821,855 shares, compared to its average volume of 2,516,617. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth 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 business's 50 day simple moving average is $137.38 and its 200 day simple moving average is $122.82. 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 (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) 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.