Emerson Electric Co. (EMR) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,066 shares of the industrial products company’s stock after acquiring an additional 5,787 shares during the period. United Asset Strategies Inc.’s holdings in Emerson Electric were worth $2,675,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in Emerson Electric by 126.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 409,693 shares of the industrial products company’s stock valued at $31,374,000 after purchasing an additional 228,935 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Emerson Electric by 32.6% in the 3rd quarter. Teachers Advisors LLC now owns 1,146,703 shares of the industrial products company’s stock valued at $87,815,000 after purchasing an additional 282,003 shares during the period. Vanguard Group Inc raised its holdings in shares of Emerson Electric by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after purchasing an additional 1,214,362 shares during the period. Marshall Wace LLP bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $472,000. Finally, Federated Investors Inc. PA raised its holdings in shares of Emerson Electric by 469.1% in the 3rd quarter. Federated Investors Inc. PA now owns 65,629 shares of the industrial products company’s stock valued at $5,026,000 after purchasing an additional 54,096 shares during the period. Institutional investors own 73.06% of the company’s stock.

A number of equities research analysts have recently issued reports on EMR shares. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Cowen reaffirmed a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a report on Tuesday, February 5th. Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Credit Suisse Group upped their target price on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Finally, Citigroup raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the company from $67.00 to $81.00 in a report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.41.

Emerson Electric stock traded up $0.64 during trading hours on Thursday, hitting $65.79. The company had a trading volume of 591,843 shares, compared to its average volume of 3,353,460. The stock has a market cap of $39.73 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Equities analysts anticipate that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.96 annualized dividend and a yield of 2.98%. Emerson Electric’s dividend payout ratio is currently 57.99%.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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