Emerson Electric Co. (NYSE:EMR) Shares Acquired by Choreo LLC

Choreo LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 56.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,464 shares of the industrial products company’s stock after acquiring an additional 10,665 shares during the quarter. Choreo LLC’s holdings in Emerson Electric were worth $3,186,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EMR. Wellington Management Group LLP grew its holdings in Emerson Electric by 12.5% during 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 purchasing an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after acquiring an additional 62,105 shares in the last quarter. Norges Bank purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $764,604,000. First Trust Advisors LP lifted 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 acquiring an additional 1,786,583 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Emerson Electric by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock worth $238,971,000 after purchasing an additional 134,865 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley started coverage on shares of Emerson Electric in a report on Friday. They issued an “underweight” rating and a $105.00 price target on the stock. Oppenheimer cut their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Stock Performance

EMR opened at $99.58 on Tuesday. The business has a 50 day moving average price of $108.52 and a two-hundred day moving average price of $109.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company has a market capitalization of $57.03 billion, a price-to-earnings ratio of 5.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.11%. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.