Ransom Advisory Ltd Has $1.85 Million Stake in Emerson Electric Co. $EMR

Ransom Advisory Ltd trimmed its position in Emerson Electric Co. (NYSE:EMR) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,848 shares of the industrial products company’s stock after selling 100 shares during the quarter. Emerson Electric accounts for 0.9% of Ransom Advisory Ltd’s portfolio, making the stock its 28th largest position. Ransom Advisory Ltd’s holdings in Emerson Electric were worth $1,846,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after acquiring an additional 980,652 shares during the period. JPMorgan Chase & Co. grew its position in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after acquiring an additional 611,105 shares during the period. Nuveen LLC bought a new stake in Emerson Electric in the first quarter valued at $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Emerson Electric by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock valued at $448,053,000 after acquiring an additional 223,831 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Emerson Electric by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company’s stock valued at $478,710,000 after acquiring an additional 339,355 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Emerson Electric stock opened at $135.19 on Monday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The business’s 50-day simple moving average is $137.38 and its 200 day simple moving average is $122.86. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $76.08 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.63 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EMR shares. Citigroup increased their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Finally, Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.39.

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.