AQR Capital Management LLC Grows Position in Emerson Electric Co. $EMR

AQR Capital Management LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 35.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,550 shares of the industrial products company’s stock after buying an additional 19,234 shares during the period. AQR Capital Management LLC’s holdings in Emerson Electric were worth $7,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hohimer Wealth Management LLC grew its stake in shares of Emerson Electric by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after buying an additional 95 shares during the last quarter. Clearstead Trust LLC lifted its position in Emerson Electric by 7.4% during the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock valued at $154,000 after buying an additional 97 shares during the period. One Wealth Advisors LLC grew its stake in shares of Emerson Electric by 5.7% in the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company’s stock worth $202,000 after buying an additional 99 shares during the last quarter. J. W. Coons Advisors LLC increased its stake in Emerson Electric by 0.8% during the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company’s stock valued at $1,425,000 after purchasing an additional 100 shares in the last quarter. Finally, Flagship Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 4.0% during the first quarter. Flagship Wealth Advisors LLC now owns 2,600 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 100 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 3.0%

Shares of EMR opened at $137.66 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $137.43 and its 200-day moving average price is $122.71. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a market capitalization of $77.48 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.60 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. 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. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EMR. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Stephens upped their target price 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. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.39.

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.