Banco Bilbao Vizcaya Argentaria S.A. Decreases Position in Emerson Electric Co. $EMR

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,069 shares of the industrial products company’s stock after selling 1,886 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Emerson Electric were worth $3,210,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Impact Capital Partners LLC lifted its holdings in Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC grew its stake in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 77 shares in the last quarter. Finally, Petros Family Wealth LLC lifted its stake in Emerson Electric by 0.9% in the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 80 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EMR. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Royal Bank Of Canada cut their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

Emerson Electric Price Performance

EMR opened at $127.48 on Monday. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.36 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $132.16 and its 200 day moving average price is $130.83. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion for the quarter. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Emerson Electric 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.