Strategic Wealth Partners Ltd. Buys 1,254 Shares of Emerson Electric Co. (NYSE:EMR)

Strategic Wealth Partners Ltd. increased its stake in Emerson Electric Co. (NYSE:EMR) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,267 shares of the industrial products company’s stock after buying an additional 1,254 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Emerson Electric were worth $6,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Newport Trust Company LLC purchased a new stake in shares of Emerson Electric during the second quarter valued at $574,908,000. Wellington Management Group LLP boosted its position in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the period. Swedbank AB bought a new position in Emerson Electric in the 1st quarter worth about $129,670,000. Clean Energy Transition LLP increased its position in shares of Emerson Electric by 110.7% during the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after acquiring an additional 990,615 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at approximately $61,304,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 2.8 %

Emerson Electric stock opened at $109.42 on Wednesday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The stock has a market cap of $62.60 billion, a PE ratio of 5.85, 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 quick ratio of 0.86 and a current ratio of 1.16. The stock has a 50-day moving average of $105.14 and a two-hundred day moving average of $109.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the business posted $1.29 EPS. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EMR shares. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Wells Fargo & Company decreased 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. Oppenheimer raised their target price 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. Robert W. Baird upped their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.