1832 Asset Management L.P. Increases Holdings in Emerson Electric Co. $EMR

1832 Asset Management L.P. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 29.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,355,867 shares of the industrial products company’s stock after acquiring an additional 306,172 shares during the quarter. 1832 Asset Management L.P. owned about 0.24% of Emerson Electric worth $180,778,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Saudi Central Bank bought a new stake in Emerson Electric in the 1st quarter worth about $25,000. Winnow Wealth LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at about $34,000. PFS Partners LLC grew its stake in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Traub Capital Management LLC purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC bought a new position in Emerson Electric during the second quarter valued at approximately $38,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $131.92 on Wednesday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a market cap of $74.18 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 2.15 and a beta of 1.26. The firm’s fifty day moving average is $131.34 and its 200 day moving average is $132.15. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The firm had revenue of $3.16 billion during the quarter. Sell-side 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 repurchase $0.00 in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 54.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EMR shares. Daiwa Capital Markets increased their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped 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. JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Barclays boosted their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned 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 $147.67.

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.