Emerson Electric Co. (NYSE:EMR) Shares Bought by Allied Investment Advisors LLC

Allied Investment Advisors LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 0.9% during the third quarter, HoldingsChannel.com reports. The fund owned 101,054 shares of the industrial products company’s stock after acquiring an additional 946 shares during the quarter. Emerson Electric accounts for approximately 2.2% of Allied Investment Advisors LLC’s holdings, making the stock its 17th largest holding. Allied Investment Advisors LLC’s holdings in Emerson Electric were worth $11,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. American National Bank & Trust Co. VA acquired a new position in shares of Emerson Electric during the 1st quarter worth $1,011,000. SG Americas Securities LLC grew its position in shares of Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $1,047,000. Farther Finance Advisors LLC grew its holdings 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 buying an additional 3,060 shares during the last quarter. Finally, Norden Group LLC purchased a new position in Emerson Electric during the first quarter worth $4,188,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.7 %

NYSE EMR traded up $1.81 during mid-day trading on Friday, hitting $111.44. The company’s stock had a trading volume of 2,082,847 shares, compared to its average volume of 2,741,585. The firm has a market capitalization of $63.75 billion, a P/E ratio of 5.96, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. 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 Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The stock’s fifty day simple moving average is $105.37 and its two-hundred day simple moving average is $109.32.

Emerson Electric (NYSE:EMR) last announced its quarterly 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. 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 analysts’ expectations of $4.44 billion. During the same period in the prior year, the company earned $1.29 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EMR shares. Robert W. Baird upped their price objective on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Royal Bank of Canada decreased 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 note on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. One research 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. According to data from MarketBeat.com, the stock currently 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.