SG Americas Securities LLC Has $15.22 Million Stake in Emerson Electric Co. (NYSE:EMR)

SG Americas Securities LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 97.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,156 shares of the industrial products company’s stock after acquiring an additional 68,599 shares during the quarter. SG Americas Securities LLC’s holdings in Emerson Electric were worth $15,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. grew 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 purchasing an additional 235 shares during the period. Tributary Capital Management LLC bought a new position in Emerson Electric during the first quarter worth about $35,000. Finally, Rise Advisors LLC bought a new position in Emerson Electric during the first quarter worth about $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $1.81 during trading on Friday, hitting $111.44. 2,082,847 shares of the company were exchanged, compared to its average volume of 2,741,585. The business’s 50 day moving average is $105.37 and its 200-day moving average is $109.32. The company 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 quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EMR. Barclays reduced 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. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.