Emerson Electric Co. (NYSE:EMR) Stock Holdings Increased by Perpetual Ltd

Perpetual Ltd lifted its position in Emerson Electric Co. (NYSE:EMR) by 57,336.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,206,158 shares of the industrial products company’s stock after buying an additional 1,204,058 shares during the period. Emerson Electric makes up 1.4% of Perpetual Ltd’s holdings, making the stock its 19th largest position. Perpetual Ltd’s holdings in Emerson Electric were worth $131,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. MGO One Seven LLC lifted its stake in Emerson Electric by 0.6% in the fourth quarter. MGO One Seven LLC now owns 25,394 shares of the industrial products company’s stock valued at $2,472,000 after acquiring an additional 148 shares during the last quarter. Ethic Inc. boosted its stake in Emerson Electric by 8.2% in the 4th quarter. Ethic Inc. now owns 57,722 shares of the industrial products company’s stock valued at $5,618,000 after buying an additional 4,371 shares in the last quarter. True Wealth Design LLC raised its stake in Emerson Electric by 17.5% during the fourth quarter. True Wealth Design LLC now owns 1,005 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 150 shares in the last quarter. Point72 Europe London LLP acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $904,000. Finally, Concentric Wealth Management LLC grew its holdings in shares of Emerson Electric by 4.0% during the fourth quarter. Concentric Wealth Management LLC now owns 27,144 shares of the industrial products company’s stock worth $2,642,000 after purchasing an additional 1,042 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on EMR. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company cut their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric Stock Performance

Shares of EMR opened at $110.88 on Thursday. The stock has a market capitalization of $63.43 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm has a fifty day simple moving average of $105.02 and a 200 day simple moving average of $109.28. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company earned $1.29 EPS. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business 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 1.89%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is presently 11.24%.

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.