Emerson Electric Co. (NYSE:EMR) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 5.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,262,921 shares of the industrial products company’s stock after selling 451,364 shares during the period. Invesco Ltd. owned about 1.39% of Emerson Electric worth $810,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Achmea Investment Management B.V. lifted its position in shares of Emerson Electric by 2.2% during the 1st quarter. Achmea Investment Management B.V. now owns 67,423 shares of the industrial products company’s stock valued at $6,611,000 after acquiring an additional 1,452 shares during the last quarter. Siemens Fonds Invest GmbH lifted its holdings in shares of Emerson Electric by 1.4% in the first quarter. Siemens Fonds Invest GmbH now owns 47,503 shares of the industrial products company’s stock valued at $4,658,000 after purchasing an additional 665 shares in the last quarter. Crawford Investment Counsel Inc. lifted its holdings in shares of Emerson Electric by 2.8% in the first quarter. Crawford Investment Counsel Inc. now owns 20,283 shares of the industrial products company’s stock valued at $1,989,000 after purchasing an additional 554 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of Emerson Electric by 1.5% in the first quarter. SVB Wealth LLC now owns 15,310 shares of the industrial products company’s stock valued at $1,501,000 after purchasing an additional 221 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Emerson Electric by 2.6% in the first quarter. Ameritas Investment Partners Inc. now owns 35,930 shares of the industrial products company’s stock valued at $3,522,000 after purchasing an additional 897 shares in the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EMR. Sanford C. Bernstein reduced their target price on Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating for the company in a report on Wednesday, August 17th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Barclays dropped their price target on shares of Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, July 8th. Finally, Argus upped their price target on shares of Emerson Electric from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.77.

Emerson Electric Trading Up 1.2 %

Emerson Electric stock opened at $84.71 on Friday. The company has a market capitalization of $50.09 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.94 and a beta of 1.42. The company’s fifty day moving average price is $84.72 and its two-hundred day moving average price is $88.15. Emerson Electric Co. has a one year low of $76.16 and a one year high of $101.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMRGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.10 billion. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.11 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Thursday, August 11th. Emerson Electric’s dividend payout ratio is currently 39.02%.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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