Penserra Capital Management LLC Has $245,000 Holdings in Emerson Electric Co. $EMR

Penserra Capital Management LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 3,750.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,848 shares of the industrial products company’s stock after acquiring an additional 1,800 shares during the quarter. Penserra Capital Management LLC’s holdings in Emerson Electric were worth $245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Emerson Electric during the first quarter worth about $737,318,000. Pacer Advisors Inc. raised its holdings in shares of Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares during the last quarter. Alliancebernstein L.P. lifted its position 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 purchasing an additional 1,693,999 shares in the last quarter. Nordea Investment Management AB grew its position in Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after purchasing an additional 1,499,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Emerson Electric by 210.8% in the 1st 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 buying an additional 1,333,839 shares during 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 subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday. Wolfe Research reduced their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Jefferies Financial Group dropped their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.00.

Emerson Electric Trading Up 2.2%

EMR stock opened at $132.40 on Thursday. The stock has a market cap of $74.51 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The company has a fifty day moving average price of $132.35 and a two-hundred day moving average price of $130.33. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio is presently 54.95%.

Emerson Electric announced that its board has authorized a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.