Emerson Electric Co. $EMR Stock Holdings Trimmed by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 28,121 shares of the industrial products company’s stock after selling 505 shares during the quarter. Emerson Electric comprises about 1.6% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 25th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Emerson Electric were worth $3,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EMR. Nuveen LLC bought a new stake in Emerson Electric during the first quarter valued at $737,318,000. Pacer Advisors Inc. boosted its holdings in shares of Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after buying an additional 2,138,397 shares during the period. Alliancebernstein L.P. grew its position in shares of Emerson Electric by 218.7% during the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after buying an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after acquiring an additional 1,333,839 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday. Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Daiwa Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Stock Down 2.5%

Emerson Electric stock opened at $131.40 on Wednesday. The company’s 50-day moving average price is $133.51 and its two-hundred day moving average price is $124.93. The stock has a market cap of $73.95 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.34 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the firm posted $1.43 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

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.