Baird Financial Group Inc. Has $66.15 Million Stake in Emerson Electric Co. (NYSE:EMR)

Baird Financial Group Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 28.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 674,633 shares of the industrial products company’s stock after buying an additional 148,963 shares during the period. Baird Financial Group Inc. owned approximately 0.11% of Emerson Electric worth $66,148,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. American National Bank grew its stake in Emerson Electric by 13.5% in the first quarter. American National Bank now owns 932 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 111 shares during the period. Goelzer Investment Management Inc. grew its stake in shares of Emerson Electric by 1.9% in the fourth quarter. Goelzer Investment Management Inc. now owns 6,202 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 118 shares during the last quarter. Eads & Heald Wealth Management grew its stake in shares of Emerson Electric by 0.4% in the first quarter. Eads & Heald Wealth Management now owns 27,995 shares of the industrial products company’s stock worth $2,745,000 after acquiring an additional 120 shares during the last quarter. Synergy Asset Management LLC grew its stake in shares of Emerson Electric by 0.3% in the first quarter. Synergy Asset Management LLC now owns 39,021 shares of the industrial products company’s stock worth $3,826,000 after acquiring an additional 122 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of Emerson Electric by 3.4% in the first quarter. Choreo LLC now owns 3,706 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 123 shares during the last quarter. 72.75% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.7 %

EMR stock opened at $83.67 on Friday. Emerson Electric Co. has a fifty-two week low of $76.16 and a fifty-two week high of $103.32. The business’s 50-day moving average is $84.63 and its two-hundred day moving average is $88.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06. The company has a market cap of $49.47 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.89 and a beta of 1.42.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts forecast that Emerson Electric Co. will post 5.11 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is currently 39.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Mizuho increased their price objective on Emerson Electric from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Barclays dropped their price objective on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, July 8th. Credit Suisse Group dropped their price objective on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 10th. Finally, Citigroup increased their price objective on Emerson Electric to $99.00 in a research report on Monday, August 15th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $98.77.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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