Acadian Asset Management LLC Takes $2.04 Million Position in Emerson Electric Co. (NYSE:EMR)

Acadian Asset Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,576 shares of the industrial products company’s stock, valued at approximately $2,043,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Security National Bank acquired a new position in Emerson Electric during the fourth quarter worth about $29,000. Cape Investment Advisory Inc. raised its holdings in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the first quarter valued at approximately $31,000. Burkett Financial Services LLC acquired a new position in Emerson Electric in the fourth quarter worth approximately $32,000. Finally, Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $102.03 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The firm has a market cap of $58.43 billion, a PE ratio of 5.46, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The firm’s 50 day moving average price is $107.81 and its 200 day moving average price is $109.57.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EMR. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Oppenheimer dropped their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Finally, Barclays cut their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.06.

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.