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Emerson Electric reported strong Q1 earnings, with big investors adjusting their holdings.
Iowa State Bank and Allied Investment Advisors LLC increased their holdings in Emerson Electric Co (NYSE: EMR), while BTC Capital Management Inc. slightly reduced theirs.
Emerson Electric, with a market cap of $67.09 billion, reported strong Q1 earnings, beating estimates with $1.48 EPS and $4.43 billion in revenue.
The stock, valued at $119.27 on Friday, has a consensus "Moderate Buy" rating and a target price of $133.53.
Emerson Electric also announced a quarterly dividend of $0.5275, to be paid on June 10th.
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Emerson Electric reportó fuertes ganancias del primer trimestre, con grandes inversores ajustando sus participaciones.