Emerson Electric Co. $EMR Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd significantly reduced its stake in Emerson Electric Co. by 93.4%, now holding a total of 2,475 shares valued at $271,000.
• Emerson Electric reported $1.52 earnings per share for the recent quarter, narrowly beating analyst expectations, though revenue of $4.55 billion fell short of forecasts.
• The company announced a quarterly dividend of $0.5275 per share, with an annualized yield of 1.6%, demonstrating a payout ratio of 45.38%.

USS Investment Management Ltd lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 93.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,475 shares of the industrial products company's stock after selling 34,900 shares during the period. USS Investment Management Ltd's holdings in Emerson Electric were worth $271,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EMR. Nuveen LLC bought a new position in Emerson Electric during the first quarter valued at $737,318,000. Pacer Advisors Inc. boosted its stake in shares of 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 purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Emerson Electric by 210.8% during the first 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 purchasing an additional 1,333,839 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares during the period. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.7%

Shares of EMR traded down $2.28 during mid-day trading on Friday, hitting $135.19. 1,821,855 shares of the company traded hands, compared to its average volume of 2,516,617. 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 market capitalization of $76.08 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30. The business has a 50 day moving average of $137.38 and a 200 day moving average of $122.82.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, TD Cowen raised shares of 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 issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.