Emerson Electric Co. (NYSE:EMR) Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Emerson Electric Co. by 0.2%, now holding 53,434,793 shares worth approximately $5.86 billion.
• Emerson Electric reported a $1.52 EPS for the last quarter, surpassing analysts' expectations of $1.51 EPS, with a quarterly revenue of $4.55 billion.
• Institutional investors own 74.30% of Emerson Electric's stock, with various institutions adjusting their positions significantly during the first quarter.

Vanguard Group Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,434,793 shares of the industrial products company's stock after selling 102,181 shares during the quarter. Vanguard Group Inc. owned approximately 9.48% of Emerson Electric worth $5,858,591,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock valued at $415,912,000 after purchasing an additional 579,653 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Emerson Electric in the 1st quarter valued at $467,000. ABC Arbitrage SA purchased a new position in shares of Emerson Electric in the 1st quarter valued at $1,304,000. LCM Capital Management Inc raised its stake in Emerson Electric by 2.0% during the 1st quarter. LCM Capital Management Inc now owns 6,990 shares of the industrial products company's stock worth $766,000 after acquiring an additional 136 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Emerson Electric by 26.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,310 shares of the industrial products company's stock valued at $253,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Emerson Electric stock traded down $0.01 during trading hours on Friday, hitting $132.82. The stock had a trading volume of 2,443,658 shares, compared to its average volume of 3,713,589. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a market capitalization of $74.75 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.58 and a beta of 1.32. The stock's fifty day moving average is $135.34 and its two-hundred day moving average is $121.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.59.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share 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 during the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the firm posted $1.43 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on EMR. Royal Bank Of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $125.00 to $127.00 in a research note on Thursday. Wells Fargo & Company lifted their target price 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 upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Stephens lifted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average 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.