Royal Fund Management LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

Royal Fund Management LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 111.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,708 shares of the industrial products company’s stock after buying an additional 42,096 shares during the period. Royal Fund Management LLC’s holdings in Emerson Electric were worth $8,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust Co. VA purchased a new position in Emerson Electric during the 1st quarter worth approximately $1,011,000. SG Americas Securities LLC raised its holdings 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 purchasing an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Emerson Electric during the first quarter valued at $1,047,000. Farther Finance Advisors LLC boosted its holdings in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the last quarter. Finally, Norden Group LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at about $4,188,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $0.75 during midday trading on Wednesday, hitting $110.17. The stock had a trading volume of 151,412 shares, compared to its average volume of 2,726,021. 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 stock has a 50 day simple moving average of $105.14 and a 200-day simple moving average of $109.27. The company has a market capitalization of $63.03 billion, a PE ratio of 5.85, a P/E/G ratio of 1.74 and a beta of 1.30. 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 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. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating 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 report on Thursday, July 25th. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.