Bessemer Group Inc. Decreases Position in Emerson Electric Co. $EMR

Bessemer Group Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 16.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,204 shares of the industrial products company’s stock after selling 4,826 shares during the period. Bessemer Group Inc.’s holdings in Emerson Electric were worth $3,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Brighton Jones LLC raised its stake in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after acquiring an additional 4,850 shares in the last quarter. KBC Group NV raised its stake in Emerson Electric by 1.5% during the 1st quarter. KBC Group NV now owns 51,624 shares of the industrial products company’s stock worth $5,660,000 after acquiring an additional 747 shares in the last quarter. Alta Advisers Ltd raised its stake in Emerson Electric by 46.5% during the 1st quarter. Alta Advisers Ltd now owns 2,834 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 900 shares in the last quarter. Mather Group LLC. raised its stake in Emerson Electric by 9.4% during the 1st quarter. Mather Group LLC. now owns 5,079 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 437 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Emerson Electric by 0.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 66,336 shares of the industrial products company’s stock worth $7,273,000 after acquiring an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.3%

EMR stock opened at $136.32 on Thursday. The company has a market cap of $76.72 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.33 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company’s 50-day moving average price is $132.00 and its 200 day moving average price is $128.00. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 net margin of 14.92% and a return on equity of 14.34%. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced 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 was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s payout ratio is presently 45.38%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Daiwa Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.28.

About Emerson Electric

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.