DRW Securities LLC Acquires New Shares in Emerson Electric Co. (NYSE:EMR)

DRW Securities LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,120 shares of the industrial products company’s stock, valued at approximately $235,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Newport Trust Company LLC purchased a new position in Emerson Electric in the second quarter valued at about $574,908,000. First Trust Advisors LP boosted its holdings in shares of Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after buying an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. Swedbank AB bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $129,670,000. Finally, Clean Energy Transition LLP boosted its stake in Emerson Electric by 110.7% in the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after acquiring an additional 990,615 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $106.34 on Wednesday. The company has a market capitalization of $60.84 billion, a P/E ratio of 5.69, a P/E/G ratio of 1.66 and a beta of 1.30. The business’s 50-day moving average is $106.55 and its two-hundred day moving average is $109.38. 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 fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $1.29 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EMR shares. Wells Fargo & Company decreased their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird upped their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Oppenheimer lowered their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada cut their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

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.