Prudential PLC Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Prudential PLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 37.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,025 shares of the industrial products company’s stock after purchasing an additional 2,168 shares during the quarter. Prudential PLC’s holdings in Emerson Electric were worth $884,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. American National Bank & Trust Co. VA purchased a new position in shares of Emerson Electric during the first quarter worth about $1,011,000. Exencial Wealth Advisors LLC grew its holdings in shares of Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after purchasing an additional 7,358 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Emerson Electric by 22.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 62,197 shares of the industrial products company’s stock worth $6,054,000 after purchasing an additional 11,413 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Emerson Electric during the first quarter worth about $1,047,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.6 %

EMR stock opened at $101.47 on Friday. The stock has a market capitalization of $58.05 billion, a P/E ratio of 5.43, a PEG ratio of 1.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a 50 day moving average price of $107.96 and a two-hundred day moving average price of $109.58.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.07%. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Robert W. Baird increased their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic began coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.06.

Emerson Electric Company 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.