Quantitative Systematic Strategies LLC boosted its position in Emerson Electric (NYSE:EMR) by 64.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,108 shares of the industrial products company’s stock after purchasing an additional 8,290 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Emerson Electric were worth $1,442,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Keeler Thomas Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $818,000. Baugh & Associates LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $2,144,000. Jump Trading LLC lifted its position in shares of Emerson Electric by 124.3% during the fourth quarter. Jump Trading LLC now owns 7,141 shares of the industrial products company’s stock worth $498,000 after acquiring an additional 3,957 shares in the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth $202,000. Finally, Moors & Cabot Inc. lifted its position in shares of Emerson Electric by 2.3% during the fourth quarter. Moors & Cabot Inc. now owns 62,509 shares of the industrial products company’s stock worth $4,353,000 after acquiring an additional 1,434 shares in the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.
Shares of EMR stock opened at $72.00 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. Emerson Electric has a 52-week low of $71.67 and a 52-week high of $72.57. The firm has a market capitalization of $45.32 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.04. Emerson Electric had a return on equity of 21.69% and a net margin of 10.83%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. analysts predict that Emerson Electric will post 3.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Friday, May 11th will be given a $0.485 dividend. The ex-dividend date is Thursday, May 10th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.69%. Emerson Electric’s dividend payout ratio (DPR) is presently 73.48%.
Several equities research analysts have issued reports on EMR shares. Wells Fargo restated a “market perform” rating and set a $73.00 target price (up previously from $65.00) on shares of Emerson Electric in a research report on Thursday, January 18th. UBS started coverage on Emerson Electric in a research report on Monday, January 22nd. They set a “buy” rating and a $73.26 target price on the stock. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $74.45 to $56.77 in a research report on Thursday, February 1st. Robert W. Baird increased their target price on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $73.00.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric (NYSE:EMR).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.