Ensign Peak Advisors Inc Buys 2,485 Shares of Emerson Electric Co. (NYSE:EMR)

Ensign Peak Advisors Inc raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.9% in the second quarter, HoldingsChannel reports. The fund owned 53,718 shares of the industrial products company’s stock after acquiring an additional 2,485 shares during the period. Ensign Peak Advisors Inc’s holdings in Emerson Electric were worth $5,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in EMR. Transcendent Capital Group LLC bought a new position in Emerson Electric during the 1st quarter worth $31,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $35,000. Finally, Cape Investment Advisory Inc. grew its position in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EMR. Oppenheimer dropped their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Robert W. Baird upped their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Barclays lowered their price target 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, Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Price Performance

EMR stock opened at $104.40 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a market capitalization of $59.73 billion, a P/E ratio of 5.59, a PEG ratio of 1.74 and a beta of 1.30. The company has a fifty day moving average price of $106.55 and a 200-day moving average price of $109.38.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.01%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.