Emerson Electric Co. (NYSE:EMR) Shares Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. grew its stake in Emerson Electric Co. (NYSE:EMR) by 122.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,775 shares of the industrial products company’s stock after acquiring an additional 10,333 shares during the quarter. Montag A & Associates Inc.’s holdings in Emerson Electric were worth $2,129,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Norges Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth $764,604,000. First Trust Advisors LP lifted its position in Emerson Electric by 219.2% during 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 in the last quarter. Nordea Investment Management AB grew its stake in Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after buying an additional 1,558,903 shares during the period. Wellington Management Group LLP raised its stake in shares of Emerson Electric by 12.5% in the 4th 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 acquiring an additional 1,488,948 shares during the period. Finally, Clean Energy Transition LLP acquired a new position in shares of Emerson Electric during the 4th quarter valued at $87,068,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EMR. Robert W. Baird cut their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Citigroup boosted their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Finally, Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $123.44.

Emerson Electric Stock Up 2.0 %

NYSE:EMR traded up $2.26 during trading hours on Monday, hitting $116.85. 1,058,098 shares of the company’s stock traded hands, compared to its average volume of 2,627,495. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $117.35. The stock’s fifty day moving average price is $110.43 and its two-hundred day moving average price is $106.80. The firm has a market cap of $66.85 billion, a P/E ratio of 6.13, a P/E/G ratio of 1.96 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share 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 business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Emerson Electric’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Emerson Electric Company 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.