XTX Topco Ltd Invests $2.17 Million in Emerson Electric Co. $EMR

XTX Topco Ltd bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,287 shares of the industrial products company’s stock, valued at approximately $2,172,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nuveen LLC bought a new stake in Emerson Electric in the 1st quarter valued at $737,318,000. JPMorgan Chase & Co. grew its holdings in shares of Emerson Electric by 75.0% during the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after buying an additional 5,371,585 shares in the last quarter. Alliancebernstein L.P. boosted its position 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 worth $270,672,000 after acquiring an additional 1,693,999 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after purchasing an additional 1,499,000 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Emerson Electric by 6.9% during 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 purchasing an additional 980,652 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several analyst reports. Royal Bank Of Canada cut their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Wolfe Research upped their price objective on Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Finally, Jefferies Financial Group decreased their target price on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $131.54 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market cap of $73.90 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 2.36 and a beta of 1.30. The stock’s fifty day moving average price is $131.33 and its two-hundred day moving average price is $131.74. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion for the quarter. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.555 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s dividend payout ratio is 54.95%.

Emerson Electric announced that its board has initiated a stock repurchase program on Wednesday, November 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

About Emerson Electric

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.