Sachetta LLC Has $677,000 Holdings in Emerson Electric Co. $EMR

Sachetta LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 8.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,074 shares of the industrial products company’s stock after selling 468 shares during the period. Sachetta LLC’s holdings in Emerson Electric were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter valued at about $737,318,000. Pacer Advisors Inc. increased its position in Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock worth $270,672,000 after acquiring an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after purchasing an additional 1,333,839 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of several research reports. Citigroup upped their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Daiwa Capital Markets upped their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. Finally, Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Stock Up 0.0%

Shares of Emerson Electric stock opened at $134.82 on Tuesday. The company has a market capitalization of $75.88 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The business has a 50-day moving average of $133.84 and a two-hundred day moving average of $124.88. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

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.