Prudential PLC Has $3.50 Million Stock Holdings in Emerson Electric Co. $EMR

Prudential PLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 227.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,245 shares of the industrial products company’s stock after acquiring an additional 18,220 shares during the period. Prudential PLC’s holdings in Emerson Electric were worth $3,499,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EMR. Brighton Jones LLC boosted its holdings in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. PFG Advisors lifted its stake in Emerson Electric by 25.6% in the first quarter. PFG Advisors now owns 3,101 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 632 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Emerson Electric by 3.9% in the 1st quarter. Venturi Wealth Management LLC now owns 5,620 shares of the industrial products company’s stock valued at $616,000 after acquiring an additional 211 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of Emerson Electric by 1.2% during the 1st quarter. Pinnacle Associates Ltd. now owns 56,514 shares of the industrial products company’s stock worth $6,196,000 after purchasing an additional 657 shares during the last quarter. Finally, Journey Strategic Wealth LLC lifted its stake in Emerson Electric by 4.4% in the 1st quarter. Journey Strategic Wealth LLC now owns 2,668 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 112 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. Barclays boosted their price target on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Royal Bank Of Canada decreased their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Wolfe Research upped their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

Emerson Electric Stock Up 3.6%

EMR opened at $128.19 on Friday. The stock has a fifty day moving average of $131.42 and a 200-day moving average of $131.18. The company has a market capitalization of $72.02 billion, a P/E ratio of 27.57, a P/E/G ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

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

Emerson Electric declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.