Sarasin & Partners LLP Buys 460,460 Shares of Emerson Electric Co. (NYSE:EMR)

Sarasin & Partners LLP raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 26.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,226,690 shares of the industrial products company’s stock after buying an additional 460,460 shares during the period. Emerson Electric comprises approximately 2.6% of Sarasin & Partners LLP’s investment portfolio, making the stock its 14th biggest position. Sarasin & Partners LLP’s holdings in Emerson Electric were worth $244,134,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EMR. Orion Capital Management LLC purchased a new position in Emerson Electric during the 4th quarter valued at about $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric in the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the 4th quarter worth about $28,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Citigroup increased their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. KeyCorp decreased their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays lifted their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Emerson Electric Price Performance

Emerson Electric stock opened at $125.59 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The firm has a market cap of $70.64 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company’s 50 day moving average is $109.98 and its two-hundred day moving average is $118.40.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

About Emerson Electric

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.