Emerson Electric Company (NYSE:EMR) Stake Boosted by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK increased its stake in shares of Emerson Electric Company (NYSE:EMR) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 389,966 shares of the industrial products company’s stock after buying an additional 221 shares during the period. Aberdeen Asset Management PLC UK owned approximately 0.06% of Emerson Electric worth $23,344,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Teachers Advisors LLC boosted its stake in shares of Emerson Electric by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 793,075 shares of the industrial products company’s stock valued at $44,214,000 after buying an additional 33,643 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Emerson Electric by 33.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,300 shares of the industrial products company’s stock valued at $1,968,000 after buying an additional 8,800 shares during the period. Park National Corp OH raised its position in shares of Emerson Electric by 2.4% in the first quarter. Park National Corp OH now owns 366,852 shares of the industrial products company’s stock valued at $21,960,000 after buying an additional 8,456 shares during the period. Liberty Capital Management Inc. raised its position in shares of Emerson Electric by 14.1% in the first quarter. Liberty Capital Management Inc. now owns 10,036 shares of the industrial products company’s stock valued at $601,000 after buying an additional 1,241 shares during the period. Finally, Renaissance Investment Group LLC raised its position in shares of Emerson Electric by 0.4% in the first quarter. Renaissance Investment Group LLC now owns 7,972 shares of the industrial products company’s stock valued at $477,000 after buying an additional 30 shares during the period. Institutional investors own 69.42% of the company’s stock.

Shares of Emerson Electric Company (NYSE EMR) opened at 58.00 on Friday. The stock has a 50 day moving average price of $59.85 and a 200 day moving average price of $59.81. The firm has a market capitalization of $37.12 billion, a PE ratio of 25.88 and a beta of 1.20. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts predict that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.

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Several brokerages have recently commented on EMR. JMP Securities began coverage on Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target on the stock. Cowen and Company reissued a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, May 2nd. BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.14.

Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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