Rehmann Capital Advisory Group Has $644,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Rehmann Capital Advisory Group reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 10.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,681 shares of the industrial products company’s stock after selling 645 shares during the period. Rehmann Capital Advisory Group’s holdings in Emerson Electric were worth $644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Emerson Electric in the fourth quarter valued at about $764,604,000. First Trust Advisors LP lifted its stake in Emerson Electric by 219.2% in the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after buying an additional 1,786,583 shares during the period. Nordea Investment Management AB increased its stake in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after buying an additional 1,558,903 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares during the last quarter. Finally, Clean Energy Transition LLP bought a new stake in Emerson Electric in the 4th quarter valued at $87,068,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $1.73 during mid-day trading on Wednesday, reaching $111.32. 1,054,447 shares of the company were exchanged, compared to its average volume of 2,640,337. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $63.69 billion, a PE ratio of 5.94, a PEG ratio of 1.88 and a beta of 1.32. The company’s 50 day moving average price is $110.01 and its 200 day moving average price is $106.46.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $1.09 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Mizuho upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday. They issued a “buy” rating and a $135.00 target price on the stock. Loop Capital raised their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Citigroup upped their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.44.

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.