Wellington Management Group LLP Has $1.68 Billion Holdings in Emerson Electric Co. $EMR

Key Points

• Wellington Management Group LLP increased its investment in Emerson Electric Co., acquiring a total of 15,280,950 shares valued at approximately $1.68 billion after a 6.9% stake growth in Q1.
• Emerson Electric recently reported quarterly earnings of $1.52 per share, surpassing expectations, but its revenue of $4.55 billion fell short of analyst estimates.
• The company announced a quarterly dividend of $0.5275 per share, translating to an annual yield of 1.6%, with a current payout ratio of 45.38%.

Wellington Management Group LLP increased 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 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,280,950 shares of the industrial products company's stock after buying an additional 980,652 shares during the period. Wellington Management Group LLP owned 2.72% of Emerson Electric worth $1,675,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Clark Capital Management Group Inc. lifted its position in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares during the period. First Horizon Advisors Inc. lifted its position in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares during the period. North Capital Inc. acquired a new position in Emerson Electric during the 1st quarter valued at about $211,000. Zurich Insurance Group Ltd FI acquired a new position in Emerson Electric during the 4th quarter valued at about $3,003,000. Finally, Golden State Equity Partners acquired a new position in Emerson Electric during the 1st quarter valued at about $459,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 0.7%

Shares of EMR traded down $0.9090 during mid-day trading on Thursday, hitting $129.9810. 3,035,773 shares of the company's stock were exchanged, compared to its average volume of 3,163,541. The company has a market cap of $73.15 billion, a PE ratio of 27.95, a P/E/G ratio of 2.57 and a beta of 1.32. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a 50-day simple moving average of $136.83 and a 200 day simple moving average of $121.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on EMR. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Barclays upgraded 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. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup increased their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

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.