Coldstream Capital Management Inc. Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Coldstream Capital Management Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,725 shares of the industrial products company’s stock after acquiring an additional 214 shares during the period. Coldstream Capital Management Inc.’s holdings in Emerson Electric were worth $1,622,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter worth approximately $764,604,000. First Trust Advisors LP boosted its stake in shares of Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares during the last quarter. Swedbank AB purchased a new position in Emerson Electric in the 1st quarter worth $129,670,000. Finally, Clean Energy Transition LLP boosted its position in Emerson Electric by 110.7% during the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after buying an additional 990,615 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EMR. Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Oppenheimer cut their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays cut their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.06.

Emerson Electric Stock Up 0.8 %

Shares of Emerson Electric stock opened at $99.90 on Thursday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company has a 50-day moving average of $108.12 and a 200 day moving average of $109.64. The firm has a market cap of $57.15 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 1.63 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

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.