Geode Capital Management LLC Grows Position in Emerson Electric Co. $EMR

Geode Capital Management LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,143,357 shares of the industrial products company’s stock after buying an additional 89,192 shares during the period. Geode Capital Management LLC’s holdings in Emerson Electric were worth $1,610,958,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Maple Capital Management Inc. bought a new stake in shares of Emerson Electric during the 2nd quarter valued at about $219,000. Forsta AP Fonden raised its holdings in Emerson Electric by 0.9% during the 2nd quarter. Forsta AP Fonden now owns 110,700 shares of the industrial products company’s stock worth $14,760,000 after buying an additional 1,000 shares during the period. KBC Group NV raised its position in Emerson Electric by 6.2% during the second quarter. KBC Group NV now owns 54,816 shares of the industrial products company’s stock valued at $7,309,000 after buying an additional 3,192 shares during the period. VeraBank N.A. purchased a new position in shares of Emerson Electric during the 2nd quarter valued at $287,000. Finally, Fagan Associates Inc. bought a new stake in Emerson Electric in the second quarter worth approximately $229,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on EMR shares. Barclays boosted their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Jefferies Financial Group dropped their target price 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. JPMorgan Chase & Co. cut their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Finally, Stephens boosted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

Emerson Electric Stock Up 2.2%

EMR stock opened at $132.40 on Thursday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $74.51 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.36 and a beta of 1.30. The business’s fifty day moving average price is $132.35 and its two-hundred day moving average price is $130.33.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion for the quarter. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 54.95%.

Emerson Electric declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

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.