Emerson Electric Co. (NYSE:EMR) Shares Acquired by TIAA Trust National Association

TIAA Trust National Association lifted its position in Emerson Electric Co. (NYSE:EMR) by 2.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 31,140 shares of the industrial products company’s stock after acquiring an additional 735 shares during the period. TIAA Trust National Association’s holdings in Emerson Electric were worth $3,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake 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 worth $1,307,680,000 after acquiring an additional 1,488,948 shares during the period. Wells Fargo & Company MN grew its position in Emerson Electric by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after purchasing an additional 62,105 shares during the period. Norges Bank purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $764,604,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock valued at $308,934,000 after buying an additional 60,990 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of 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 worth $253,216,000 after buying an additional 1,786,583 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $1.49 during midday trading on Monday, hitting $117.17. The company’s stock had a trading volume of 676,629 shares, compared to its average volume of 2,644,128. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a market cap of $67.03 billion, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The business’s 50 day simple moving average is $111.00 and its 200 day simple moving average is $107.53.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.79%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. Citigroup boosted their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Mizuho increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Finally, Barclays lifted their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $123.44.

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.