Emerson Electric Co. $EMR Shares Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,148 shares of the industrial products company’s stock after buying an additional 269 shares during the period. Arete Wealth Advisors LLC’s holdings in Emerson Electric were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in 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 during the period. JPMorgan Chase & Co. lifted its position in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after purchasing an additional 611,105 shares during the period. Nuveen LLC acquired a new stake in Emerson Electric in the first quarter valued at about $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Emerson Electric by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company’s stock valued at $478,710,000 after purchasing an additional 339,355 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock valued at $415,912,000 after purchasing an additional 579,653 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.4%

Shares of EMR opened at $132.14 on Wednesday. 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 firm has a 50 day simple moving average of $137.50 and a 200-day simple moving average of $122.52. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a market cap of $74.37 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30.

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

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMR shares. JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Citigroup increased their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Finally, Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $142.39.

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.