Neuberger Berman Group LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Neuberger Berman Group LLC raised its position in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 0.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,097,841 shares of the industrial products company’s stock after purchasing an additional 2,532 shares during the quarter. Neuberger Berman Group LLC owned 0.18% of Emerson Electric worth $107,779,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EMR. Quilter Plc raised its holdings in Emerson Electric by 16.7% in the 1st quarter. Quilter Plc now owns 213,353 shares of the industrial products company’s stock worth $20,920,000 after acquiring an additional 30,609 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Emerson Electric by 2.3% in the first quarter. Chicago Partners Investment Group LLC now owns 6,102 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 137 shares during the last quarter. Magnolia Wealth Management LLC bought a new position in shares of Emerson Electric during the first quarter valued at $973,000. Strategic Wealth Partners Ltd. lifted its holdings in shares of Emerson Electric by 7.4% during the first quarter. Strategic Wealth Partners Ltd. now owns 2,918 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 200 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Emerson Electric by 16.8% during the first quarter. Orion Portfolio Solutions LLC now owns 6,885 shares of the industrial products company’s stock valued at $675,000 after purchasing an additional 989 shares in the last quarter. 72.75% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 2.9 %

Shares of EMR opened at $78.21 on Friday. 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 Co. has a 1 year low of $76.16 and a 1 year high of $100.47. The company has a 50 day simple moving average of $84.93 and a two-hundred day simple moving average of $87.92. The firm has a market cap of $46.25 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.91 and a beta of 1.42.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.515 per share. The ex-dividend date was Thursday, August 11th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.63%. Emerson Electric’s dividend payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EMR. Morgan Stanley upped their price target on Emerson Electric from $95.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Argus upped their price target on Emerson Electric from $95.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. William Blair reiterated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, August 9th. Mizuho upped their price objective on Emerson Electric from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.77.

Emerson Electric 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.

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

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