Ascent Group LLC Has $1.29 Million Stock Holdings in Emerson Electric Co. $EMR

Ascent Group LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,679 shares of the industrial products company’s stock after selling 586 shares during the period. Ascent Group LLC’s holdings in Emerson Electric were worth $1,291,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Emerson Electric during the 1st quarter valued at about $737,318,000. Pacer Advisors Inc. raised its holdings in Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after buying an additional 2,138,397 shares during the period. Alliancebernstein L.P. lifted its stake in Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after buying an additional 1,693,999 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after acquiring an additional 1,333,839 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. KeyCorp upped their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. 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 investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.88.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $134.79 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $75.86 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a 50 day moving average of $134.13 and a 200-day moving average of $124.73.

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

Emerson Electric Dividend Announcement

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

Emerson Electric 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.