Raleigh Capital Management Inc. Has $283,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Raleigh Capital Management Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,587 shares of the industrial products company’s stock after selling 355 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Emerson Electric were worth $283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Newport Trust Company LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $574,908,000. Legal & General Group Plc boosted its stake in shares of 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 period. Swedbank AB boosted its stake in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after acquiring an additional 355,106 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Emerson Electric by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock valued at $238,971,000 after purchasing an additional 134,865 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EMR. Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. 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. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Barclays cut their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Price Performance

Shares of EMR opened at $109.49 on Wednesday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The business has a 50-day simple moving average of $105.91 and a two-hundred day simple moving average of $109.09. 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 market cap of $62.64 billion, a PE ratio of 5.86, a PEG ratio of 1.70 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

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

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.