Emerson Electric Co. (NYSE:EMR) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,495 shares of the industrial products company’s stock after buying an additional 269 shares during the period. Claro Advisors LLC’s holdings in Emerson Electric were worth $1,531,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Emerson Electric in the fourth quarter worth about $764,604,000. Adage Capital Partners GP L.L.C. raised its position in Emerson Electric by 255.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after buying an additional 2,015,232 shares during the last quarter. First Trust Advisors LP lifted its stake in Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after acquiring an additional 1,786,583 shares during the period. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 2.0 %

NYSE EMR traded down $2.16 on Monday, reaching $108.00. 2,422,291 shares of the company were exchanged, compared to its average volume of 2,696,271. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $110.00 and its 200 day moving average price is $105.79. The stock has a market capitalization of $61.79 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup upped their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Barclays raised their target price on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Loop Capital upped their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $122.76.

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.