181,669 Shares in Emerson Electric Co. $EMR Bought by James Hambro & Partners LLP

James Hambro & Partners LLP acquired a new position in Emerson Electric Co. (NYSE:EMR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 181,669 shares of the industrial products company’s stock, valued at approximately $23,830,000. Emerson Electric accounts for about 0.8% of James Hambro & Partners LLP’s portfolio, making the stock its 22nd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in EMR. Vanguard Group Inc. raised its stake in Emerson Electric by 1.3% during the second quarter. Vanguard Group Inc. now owns 54,129,898 shares of the industrial products company’s stock worth $7,217,139,000 after buying an additional 695,105 shares during the last quarter. State Street Corp increased its holdings in Emerson Electric by 3.0% in the second quarter. State Street Corp now owns 27,053,019 shares of the industrial products company’s stock worth $3,606,979,000 after purchasing an additional 784,987 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Emerson Electric by 75.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after acquiring an additional 5,371,585 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 0.7% during the second quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock valued at $1,610,958,000 after purchasing an additional 89,192 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after acquiring an additional 1,499,000 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EMR shares. Daiwa Capital Markets increased their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada lowered their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Barclays raised their price target on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.06.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $135.61 on Wednesday. The business’s fifty day simple moving average is $132.68 and its 200 day simple moving average is $133.82. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market capitalization of $76.25 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last announced its earnings results 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 return on equity of 15.87% and a net margin of 12.73%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric announced that its board has initiated a share buyback program on Wednesday, November 5th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.