Osher Van de Voorde Investment Management Has $19.29 Million Position in Emerson Electric Co. (NYSE:EMR)

Osher Van de Voorde Investment Management decreased its position in Emerson Electric Co. (NYSE:EMR) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 176,370 shares of the industrial products company’s stock after selling 290 shares during the quarter. Emerson Electric accounts for approximately 4.2% of Osher Van de Voorde Investment Management’s holdings, making the stock its 11th biggest holding. Osher Van de Voorde Investment Management’s holdings in Emerson Electric were worth $19,290,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the second quarter valued at about $574,908,000. Legal & General Group Plc grew its holdings in Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Emerson Electric by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock valued at $259,809,000 after acquiring an additional 355,106 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Emerson Electric by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock worth $238,971,000 after acquiring an additional 134,865 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $109.42 on Wednesday. The stock has a market cap of $62.60 billion, a P/E ratio of 5.85, a P/E/G ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $105.14 and a 200 day simple moving average of $109.27.

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 return on equity of 11.41% and a net margin of 10.12%. 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 company earned $1.29 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMR shares. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada dropped their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Company 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.