Janus Henderson Group PLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,425 shares of the industrial products company’s stock after purchasing an additional 27,362 shares during the period. Janus Henderson Group PLC’s holdings in Emerson Electric were worth $12,900,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Emerson Electric in the 1st quarter valued at $34,000. Norway Savings Bank raised its holdings in Emerson Electric by 60.1% in the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Emerson Electric in the 4th quarter valued at $36,000. Finally, Legacy Advisors LLC acquired a new position in Emerson Electric in the 1st quarter valued at $41,000. 73.06% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on EMR. Cowen reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a report on Wednesday, January 30th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, April 2nd. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group boosted their price objective on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Finally, Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $67.00 to $81.00 in a research report on Monday, April 8th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.41.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post 3.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $0.49 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.01%. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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