Emerson Electric Co. $EMR is J. Safra Sarasin Holding AG’s 9th Largest Position

J. Safra Sarasin Holding AG boosted its position in Emerson Electric Co. (NYSE:EMR) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 751,643 shares of the industrial products company’s stock after purchasing an additional 66,813 shares during the period. Emerson Electric makes up approximately 1.7% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 9th biggest holding. J. Safra Sarasin Holding AG’s holdings in Emerson Electric were worth $100,217,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. DMKC Advisory Services LLC raised its holdings in shares of Emerson Electric by 80.2% in the second quarter. DMKC Advisory Services LLC now owns 32,320 shares of the industrial products company’s stock worth $4,667,000 after buying an additional 14,380 shares during the period. Northstar Group Inc. bought a new position in Emerson Electric in the 2nd quarter valued at $210,000. Naples Global Advisors LLC increased its stake in Emerson Electric by 6.7% in the second quarter. Naples Global Advisors LLC now owns 37,001 shares of the industrial products company’s stock worth $4,933,000 after purchasing an additional 2,325 shares during the period. Pure Financial Advisors LLC boosted its stake in shares of Emerson Electric by 36.6% during the second quarter. Pure Financial Advisors LLC now owns 2,984 shares of the industrial products company’s stock valued at $398,000 after purchasing an additional 799 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Emerson Electric by 264.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 905,947 shares of the industrial products company’s stock worth $120,790,000 after purchasing an additional 657,572 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.0%

Emerson Electric stock opened at $131.20 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market cap of $73.84 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The stock has a 50-day moving average of $134.71 and a two-hundred day moving average of $124.26. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Emerson Electric’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on EMR shares. KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Daiwa Capital Markets boosted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.76.

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.