Welch Group LLC Grows Holdings in Emerson Electric Co. $EMR

Key Points

• Welch Group LLC increased its holdings in Emerson Electric Co. by 1.9%, now owning 483,059 shares valued at approximately $64.4 million.
• Emerson Electric has a market capitalization of $70.91 billion and recently reported a quarterly earnings per share of $0.79 with revenue of $3.16 billion.
• The company declared a quarterly dividend of $0.5275, with an annualized yield of 1.7% and a dividend payout ratio of 45.38%.

Welch Group LLC raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,059 shares of the industrial products company's stock after purchasing an additional 8,984 shares during the period. Emerson Electric comprises about 2.7% of Welch Group LLC's investment portfolio, making the stock its 12th largest position. Welch Group LLC owned about 0.09% of Emerson Electric worth $64,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in Emerson Electric in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric during the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC boosted its position in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth approximately $36,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 4.2%

NYSE EMR opened at $125.99 on Monday. 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 Co. has a one year low of $90.06 and a one year high of $150.27. The company's 50 day moving average price is $132.66 and its 200 day moving average price is $125.34. The firm has a market capitalization of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion during the quarter. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 annualized dividend and a yield of 1.7%. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Emerson Electric from $160.00 to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, October 7th. KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wolfe Research decreased their target price on shares of Emerson Electric from $173.00 to $172.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 8th. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $145.56.

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.

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