Commerzbank Aktiengesellschaft FI Acquires 1,616 Shares of Emerson Electric Co. $EMR

Commerzbank Aktiengesellschaft FI lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 8.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,747 shares of the industrial products company’s stock after buying an additional 1,616 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Emerson Electric were worth $2,900,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EMR. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Emerson Electric by 59.4% in the first quarter. Farther Finance Advisors LLC now owns 16,373 shares of the industrial products company’s stock valued at $1,801,000 after buying an additional 6,099 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Emerson Electric during the 1st quarter worth about $1,388,000. GAMMA Investing LLC raised its holdings in Emerson Electric by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after purchasing an additional 1,479 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Emerson Electric by 864.5% during the 1st quarter. SG Americas Securities LLC now owns 84,745 shares of the industrial products company’s stock worth $9,291,000 after purchasing an additional 75,959 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $131.44 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a 50 day simple moving average of $132.98 and a 200 day simple moving average of $125.09. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm has a market capitalization of $73.97 billion, a PE ratio of 28.27, a P/E/G ratio of 2.31 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued 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 return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the firm earned $1.43 EPS. Emerson Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given 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 payout ratio is currently 45.38%.

Analysts Set New Price Targets

EMR has been the subject of several recent research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday. Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Daiwa Capital Markets boosted their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.29.

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.