Northstar Group Inc. Makes New Investment in Emerson Electric Co. $EMR

Northstar Group Inc. bought a new position 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 1,576 shares of the industrial products company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen LLC acquired a new position in Emerson Electric in the 1st quarter valued at $737,318,000. Pacer Advisors Inc. boosted its position in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Emerson Electric by 218.7% during the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after acquiring an additional 1,333,839 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.0%

EMR stock opened at $131.20 on Thursday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $134.71 and its 200 day moving average is $124.26. The stock has a market cap of $73.84 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EMR. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Daiwa Capital Markets increased their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.76.

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.