Emerson Electric Co. (NYSE:EMR) Shares Acquired by Aurora Investment Counsel

Aurora Investment Counsel boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,881 shares of the industrial products company’s stock after acquiring an additional 176 shares during the period. Emerson Electric accounts for about 1.3% of Aurora Investment Counsel’s portfolio, making the stock its 19th largest holding. Aurora Investment Counsel’s holdings in Emerson Electric were worth $2,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Cetera Investment Advisers increased its position in shares of Emerson Electric by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 229,476 shares of the industrial products company’s stock worth $25,279,000 after purchasing an additional 34,381 shares during the last quarter. Truist Financial Corp boosted its stake in Emerson Electric by 9.5% during the second quarter. Truist Financial Corp now owns 977,435 shares of the industrial products company’s stock worth $107,674,000 after buying an additional 85,083 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Emerson Electric by 1.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 18,664 shares of the industrial products company’s stock valued at $2,050,000 after acquiring an additional 194 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 200.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 20,983 shares of the industrial products company’s stock worth $2,312,000 after acquiring an additional 14,009 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Emerson Electric by 9.4% during the 2nd quarter. Brandes Investment Partners LP now owns 953,477 shares of the industrial products company’s stock worth $104,917,000 after purchasing an additional 81,593 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.1 %

Emerson Electric stock opened at $109.35 on Tuesday. The stock has a 50-day simple moving average of $105.82 and a 200-day simple moving average of $109.32. The company has a market capitalization of $62.56 billion, a P/E ratio of 5.85, a PEG ratio of 1.74 and a beta of 1.30. 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 fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (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 business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $124.59.

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.