Emerson Electric Co. $EMR Shares Bought by Syverson Strege & Co

by · The Markets Daily

Syverson Strege & Co grew its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 11.7% during the second quarter, HoldingsChannel reports. The firm owned 5,794 shares of the industrial products company’s stock after acquiring an additional 607 shares during the period. Syverson Strege & Co’s holdings in Emerson Electric were worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Emerson Electric by 6.9% during the 1st 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 last quarter. Nordea Investment Management AB boosted its holdings in Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after purchasing an additional 1,499,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after buying an additional 611,105 shares during the last quarter. Nuveen LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 buying an additional 223,831 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EMR shares. Stephens boosted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Jefferies Financial Group lowered their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Citigroup increased their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Wolfe Research dropped their target price on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

Get Our Latest Stock Report on Emerson Electric

Emerson Electric Stock Up 2.2%

Shares of Emerson Electric stock opened at $139.83 on Friday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a 50 day moving average of $132.26 and a 200 day moving average of $128.34. 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 company has a market capitalization of $78.70 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29.

Emerson Electric (NYSE:EMR – Get Free Report) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric’s payout ratio is 45.38%.

Emerson Electric Profile

(Free Report)

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.

Further Reading

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