Assenagon Asset Management S.A. Invests $13.11 Million in Emerson Electric Co. (NYSE:EMR)

Assenagon Asset Management S.A. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 171,188 shares of the industrial products company’s stock, valued at approximately $13,110,000.

Other large investors have also made changes to their positions in the company. Clarus Wealth Advisors purchased a new position in Emerson Electric during the 2nd quarter valued at about $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Emerson Electric during the 2nd quarter valued at about $102,000. Kiley Juergens Wealth Management LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $105,000. Kaizen Advisory LLC increased its holdings in Emerson Electric by 151.1% during the 2nd quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 926 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $113,000. Institutional investors own 69.93% of the company’s stock.

A number of research analysts have weighed in on EMR shares. Cowen reiterated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a report on Tuesday, November 6th. Barclays upped their target price on Emerson Electric from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Credit Suisse Group assumed coverage on Emerson Electric in a report on Friday, October 12th. They set a “neutral” rating and a $78.00 target price on the stock. Finally, Berenberg Bank set a $67.00 price target on Emerson Electric and gave the stock a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $78.39.

Shares of EMR traded up $0.17 during mid-day trading on Thursday, reaching $67.28. The company had a trading volume of 3,089,220 shares, compared to its average volume of 4,443,982. The stock has a market cap of $42.02 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.05 and a beta of 1.20. Emerson Electric Co. has a 52 week low of $60.72 and a 52 week high of $79.70. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 3.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 annualized dividend and a yield of 2.91%. Emerson Electric’s dividend payout ratio is 57.99%.

In other news, President Edward L. Monser sold 60,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Edward L. Monser sold 30,000 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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