Bank Julius Baer & Co. Ltd Zurich Has $96.50 Million Stake in Emerson Electric Co. $EMR

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 723,754 shares of the industrial products company’s stock after selling 46,516 shares during the period. Emerson Electric makes up 1.5% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 17th biggest position. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.13% of Emerson Electric worth $96,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EMR. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric in the 2nd quarter valued at $692,000. CORDA Investment Management LLC. acquired a new position in Emerson Electric in the second quarter valued at about $1,173,000. HighTower Advisors LLC increased its holdings in shares of Emerson Electric by 1.6% in the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock worth $78,540,000 after acquiring an additional 11,097 shares in the last quarter. DnB Asset Management AS raised its position in shares of Emerson Electric by 5.6% during the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after purchasing an additional 48,226 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its holdings in shares of Emerson Electric by 69.5% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 11,708 shares of the industrial products company’s stock valued at $1,561,000 after purchasing an additional 4,800 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 3.5%

Shares of NYSE:EMR opened at $123.74 on Friday. The company’s 50-day moving average price is $131.56 and its two-hundred day moving average price is $131.04. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $69.52 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion for the quarter. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric announced that its board has initiated a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 54.95%.

Wall Street Analyst Weigh In

Several brokerages have commented on EMR. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Jefferies Financial Group cut their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Barclays increased their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.00.

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.