Waterloo Capital L.P. Purchases 1,303 Shares of Emerson Electric Co. (NYSE:EMR)

Waterloo Capital L.P. raised its position in Emerson Electric Co. (NYSE:EMR) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,055 shares of the industrial products company’s stock after buying an additional 1,303 shares during the period. Waterloo Capital L.P.’s holdings in Emerson Electric were worth $1,438,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EMR. Security National Bank purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. increased its position in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth $31,000. Burkett Financial Services LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $32,000. Finally, Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EMR. Redburn Atlantic assumed coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Royal Bank of Canada reduced their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Barclays decreased their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Stock Down 0.2 %

EMR opened at $103.70 on Thursday. The firm has a market capitalization of $59.33 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a fifty day moving average price of $107.39 and a 200-day moving average price of $109.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.03%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Emerson Electric Company 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.