Emerson Electric Co. (NYSE:EMR) Position Increased by Silver Lake Advisory LLC

Silver Lake Advisory LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,044 shares of the industrial products company’s stock after buying an additional 104 shares during the quarter. Silver Lake Advisory LLC’s holdings in Emerson Electric were worth $2,649,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EMR. American National Bank & Trust Co. VA bought a new stake in Emerson Electric in the 1st quarter valued at about $1,011,000. Exencial Wealth Advisors LLC raised its holdings in shares of Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after buying an additional 7,358 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after buying an additional 53,003 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in Emerson Electric in the 1st quarter valued at approximately $1,047,000. Finally, Farther Finance Advisors LLC raised its stake in Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

EMR stock opened at $109.22 on Friday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The firm has a 50-day moving average of $105.99 and a two-hundred day moving average of $109.33. The firm has a market capitalization of $62.48 billion, a PE ratio of 5.84, a P/E/G ratio of 1.74 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business posted $1.29 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays dropped 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 research report on Thursday, August 8th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $124.59.

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.