LGT Group Foundation Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

LGT Group Foundation boosted its position in Emerson Electric Co. (NYSE:EMR) by 159.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 297,879 shares of the industrial products company’s stock after buying an additional 183,072 shares during the quarter. LGT Group Foundation owned approximately 0.05% of Emerson Electric worth $32,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Emerson Electric by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after acquiring an additional 611,105 shares in the last quarter. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter worth $737,318,000. Northern Trust Corp increased its holdings in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after purchasing an additional 370,560 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 worth $478,710,000 after purchasing an additional 339,355 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 worth $415,912,000 after purchasing an additional 579,653 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric Stock Performance

Shares of EMR opened at $132.02 on Tuesday. 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 Co. has a one year low of $90.06 and a one year high of $150.27. The company has a 50-day simple moving average of $135.60 and a two-hundred day simple moving average of $121.60. The firm has a market capitalization of $74.30 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the business earned $1.43 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate 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 Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric’s payout ratio is presently 45.38%.

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.