Emerson Electric Co. (NYSE:EMR) Shares Bought by Meitav Dash Investments Ltd.

Meitav Dash Investments Ltd. raised its holdings in Emerson Electric Co. (NYSE:EMRGet Rating) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,796 shares of the industrial products company’s stock after purchasing an additional 6,640 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Emerson Electric were worth $8,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Forsta AP Fonden increased its stake in shares of Emerson Electric by 30.7% during the first quarter. Forsta AP Fonden now owns 209,700 shares of the industrial products company’s stock worth $20,561,000 after acquiring an additional 49,300 shares during the period. ICICI Prudential Asset Management Co Ltd increased its stake in shares of Emerson Electric by 17.2% during the first quarter. ICICI Prudential Asset Management Co Ltd now owns 76,064 shares of the industrial products company’s stock worth $7,529,000 after acquiring an additional 11,144 shares during the period. Lincoln National Corp increased its stake in shares of Emerson Electric by 19.8% during the first quarter. Lincoln National Corp now owns 11,050 shares of the industrial products company’s stock worth $1,084,000 after acquiring an additional 1,825 shares during the period. Brown Advisory Inc. boosted its holdings in Emerson Electric by 3.3% during the first quarter. Brown Advisory Inc. now owns 185,536 shares of the industrial products company’s stock worth $17,958,000 after buying an additional 5,974 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc boosted its holdings in Emerson Electric by 1.1% during the first quarter. Pine Haven Investment Counsel Inc now owns 12,118 shares of the industrial products company’s stock worth $1,188,000 after buying an additional 130 shares in the last quarter. 73.50% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR stock opened at $90.39 on Friday. Emerson Electric Co. has a one year low of $76.16 and a one year high of $105.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.68. The company has a 50 day moving average price of $84.02 and a 200 day moving average price of $89.58. The firm has a market capitalization of $53.69 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.41.

Emerson Electric (NYSE:EMRGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.18 by $0.11. Emerson Electric had a net margin of 15.16% and a return on equity of 27.72%. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. Emerson Electric’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 5.05 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is 43.10%.

Analysts Set New Price Targets

A number of analysts recently commented on EMR shares. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 12th. Credit Suisse Group set a $107.00 price objective on shares of Emerson Electric in a report on Tuesday, July 19th. Citigroup reduced their price target on shares of Emerson Electric from $119.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Emerson Electric from $110.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Finally, Morgan Stanley reduced their price target on shares of Emerson Electric from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 31st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $99.50.

Emerson Electric Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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