APG Asset Management N.V. Grows Holdings in Emerson Electric Co. (NYSE:EMR)

APG Asset Management N.V. increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,090,903 shares of the industrial products company’s stock after purchasing an additional 40,642 shares during the period. APG Asset Management N.V.’s holdings in Emerson Electric were worth $112,129,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Thrive Wealth Management LLC raised its holdings in shares of Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after buying an additional 91 shares during the period. LCM Capital Management Inc lifted its position in shares of Emerson Electric by 1.4% during the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares in the last quarter. Sabal Trust CO boosted its stake in shares of Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC grew its holdings in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares in the last quarter. Finally, PFG Advisors increased its stake in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EMR shares. Robert W. Baird boosted their price target 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. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Trading Up 4.3 %

Shares of Emerson Electric stock opened at $108.90 on Friday. The company has a fifty day simple moving average of $106.27 and a 200-day simple moving average of $109.35. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $62.30 billion, a price-to-earnings ratio of 5.83, a PEG ratio of 1.74 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company posted $1.29 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

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.