Hardman Johnston Global Advisors LLC Buys Shares of 1,800 Emerson Electric Co. $EMR

Hardman Johnston Global Advisors LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,800 shares of the industrial products company’s stock, valued at approximately $240,000.

A number of other large investors have also bought and sold shares of EMR. Nuveen LLC purchased a new stake in Emerson Electric in the first quarter worth $737,318,000. Pacer Advisors Inc. grew its stake in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after acquiring an additional 2,138,397 shares during the period. Alliancebernstein L.P. lifted its holdings in Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after purchasing an additional 1,333,839 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Emerson Electric by 6.9% in the first 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 purchasing an additional 980,652 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of several research reports. Bank of America boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Daiwa Capital Markets raised their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.90 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. 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 firm has a market capitalization of $74.79 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.31 and a beta of 1.29. The stock’s 50-day simple moving average is $134.43 and its two-hundred day simple moving average is $124.39.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Emerson Electric’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Emerson Electric Company 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.