Emerson Electric Co. $EMR Stock Position Increased by KBC Group NV

KBC Group NV increased its stake in Emerson Electric Co. (NYSE:EMR) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,816 shares of the industrial products company’s stock after acquiring an additional 3,192 shares during the period. KBC Group NV’s holdings in Emerson Electric were worth $7,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Saudi Central Bank acquired a new position in Emerson Electric in the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the first quarter worth about $27,000. PFS Partners LLC lifted its position in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the period. Princeton Global Asset Management LLC acquired a new stake in Emerson Electric during the second quarter valued at approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Emerson Electric by 436.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 288 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wolfe Research decreased their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Barclays raised their price target on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Royal Bank Of Canada decreased their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lowered their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

Emerson Electric Stock Down 0.8%

Shares of Emerson Electric stock opened at $127.48 on Friday. 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 Co. has a one year low of $90.06 and a one year high of $150.27. The stock’s 50-day moving average is $132.16 and its 200 day moving average is $130.48. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.36 and a beta of 1.30.

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

Emerson Electric Increases Dividend

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

Emerson Electric announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.