Massachusetts Financial Services Co. MA Raises Holdings in Emerson Electric Co. $EMR

Massachusetts Financial Services Co. MA lifted its stake in Emerson Electric Co. (NYSE:EMR) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,210,059 shares of the industrial products company’s stock after purchasing an additional 243,606 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.39% of Emerson Electric worth $294,667,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EMR. Brighton Jones LLC increased its position in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. CWM LLC increased its holdings in shares of Emerson Electric by 8.1% in the first quarter. CWM LLC now owns 20,015 shares of the industrial products company’s stock valued at $2,194,000 after purchasing an additional 1,497 shares during the period. Graypoint LLC raised its stake in shares of Emerson Electric by 79.5% in the first quarter. Graypoint LLC now owns 4,960 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 2,197 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Emerson Electric during the first quarter worth about $900,000. Finally, Buckhead Capital Management LLC boosted its position in Emerson Electric by 1.7% in the first quarter. Buckhead Capital Management LLC now owns 17,454 shares of the industrial products company’s stock valued at $1,914,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Jefferies Financial Group decreased their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on 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 given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.00.

Emerson Electric Price Performance

NYSE:EMR opened at $127.48 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The stock’s 50-day moving average price is $132.16 and its 200-day moving average price is $130.65. The stock has a market capitalization of $71.62 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its board has initiated a stock buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Emerson Electric Increases Dividend

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

About Emerson Electric

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.