Morgan Stanley Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Morgan Stanley increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,020,582 shares of the industrial products company’s stock after acquiring an additional 374,487 shares during the period. Morgan Stanley owned approximately 1.50% of Emerson Electric worth $813,837,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wagner Wealth Management LLC purchased a new position in Emerson Electric in the first quarter valued at about $25,000. Simon Quick Advisors LLC raised its holdings in Emerson Electric by 66.8% during the first quarter. Simon Quick Advisors LLC now owns 312 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. IronBridge Private Wealth LLC purchased a new stake in Emerson Electric during the fourth quarter worth $29,000. Certified Advisory Corp purchased a new position in shares of Emerson Electric in the first quarter valued at $35,000. Finally, Goodwin Investment Advisory acquired a new position in shares of Emerson Electric during the 1st quarter worth $38,000. Hedge funds and other institutional investors own 72.50% of the company’s stock.

EMR stock opened at $98.27 on Thursday. Emerson Electric Co. has a 52 week low of $60.78 and a 52 week high of $99.09. The firm has a market cap of $58.93 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 2.43 and a beta of 1.55. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average price is $96.14.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 5th. The industrial products company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.07. Emerson Electric had a return on equity of 25.84% and a net margin of 12.47%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 3.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Friday, May 14th were given a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, May 13th. Emerson Electric’s payout ratio is currently 58.38%.

EMR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $103.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, July 14th. Credit Suisse Group increased their target price on Emerson Electric from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Thursday, May 6th. Barclays upped their price objective on Emerson Electric from $91.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday, July 8th. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research note on Tuesday, April 6th. Finally, Morgan Stanley raised their price target on shares of Emerson Electric from $90.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 6th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Emerson Electric currently has a consensus rating of “Buy” and an average price target of $94.46.

Emerson Electric Profile

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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