Vanguard Group Inc. Raises Position in Emerson Electric Co. (NYSE:EMR)

Vanguard Group Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,264,347 shares of the industrial products company’s stock after purchasing an additional 39,114 shares during the quarter. Vanguard Group Inc. owned approximately 9.16% of Emerson Electric worth $5,927,822,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Emerson Electric in the 4th quarter worth $764,604,000. First Trust Advisors LP raised its position in shares of Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after buying an additional 1,786,583 shares during the period. Wellington Management Group LLP raised its position in shares of Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares during the period. Clean Energy Transition LLP purchased a new position in shares of Emerson Electric in the 4th quarter worth $87,068,000. Finally, California Public Employees Retirement System raised its position in shares of Emerson Electric by 55.3% in the 4th quarter. California Public Employees Retirement System now owns 1,696,755 shares of the industrial products company’s stock worth $165,145,000 after buying an additional 604,407 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR traded down $0.86 during trading hours on Friday, reaching $115.68. The company’s stock had a trading volume of 2,657,799 shares, compared to its average volume of 2,370,303. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $111.00 and a 200 day simple moving average of $107.44. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The stock has a market cap of $66.18 billion, a PE ratio of 6.19, a PEG ratio of 1.97 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company posted $1.09 earnings per share. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.82%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. Wells Fargo & Company increased their price target on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Robert W. Baird lowered their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Barclays increased their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Mizuho raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.44.

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.