Vinva Investment Management Ltd Boosts Stake in Emerson Electric Co. $EMR

Vinva Investment Management Ltd lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 53.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,514 shares of the industrial products company’s stock after purchasing an additional 13,358 shares during the period. Vinva Investment Management Ltd’s holdings in Emerson Electric were worth $5,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EMR. Saudi Central Bank acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $25,000. Winnow Wealth LLC purchased a new stake in Emerson Electric in the 2nd quarter worth $34,000. PFS Partners LLC raised its position in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Traub Capital Management LLC purchased a new position in Emerson Electric during the second quarter valued at $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.5%

Shares of EMR opened at $131.54 on Friday. The stock has a fifty day simple moving average of $131.32 and a two-hundred day simple moving average of $131.74. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $73.90 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric announced that its board has approved a share buyback plan on Wednesday, November 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Emerson Electric Increases Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on EMR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Daiwa Capital Markets increased their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Jefferies Financial Group lowered their price target on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $148.13.

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.