Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in Emerson Electric Co. $EMR

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 399,592 shares of the industrial products company’s stock after acquiring an additional 12,038 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Emerson Electric worth $53,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric during the second quarter valued at approximately $692,000. CORDA Investment Management LLC. purchased a new stake in Emerson Electric in the 2nd quarter worth approximately $1,173,000. Boyd Watterson Asset Management LLC OH increased its position in Emerson Electric by 13.8% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock worth $1,877,000 after purchasing an additional 2,071 shares during the last quarter. HighTower Advisors LLC lifted its stake in Emerson Electric by 1.6% in the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after acquiring an additional 11,097 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in Emerson Electric by 5.6% during the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock valued at $100,503,000 after buying an additional 48,226 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $1.69 during trading on Monday, reaching $129.27. The stock had a trading volume of 164,382 shares, compared to its average volume of 3,055,207. The stock has a market capitalization of $72.62 billion, a PE ratio of 27.74, a P/E/G ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The business’s 50-day moving average price is $132.16 and its 200 day moving average price is $130.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion during the quarter. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric declared that its board has authorized a stock repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $0.555 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 54.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Jefferies Financial Group decreased their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Barclays upped their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

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.