Marathon Capital Management Has $255,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Marathon Capital Management boosted its stake in Emerson Electric Co. (NYSE:EMR) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,317 shares of the industrial products company’s stock after purchasing an additional 192 shares during the quarter. Marathon Capital Management’s holdings in Emerson Electric were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. raised its stake 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 acquiring an additional 235 shares in the last quarter. Security National Bank acquired a new position in Emerson Electric during the fourth quarter worth about $29,000. Tributary Capital Management LLC acquired a new position in Emerson Electric during the first quarter worth about $35,000. Finally, Rise Advisors LLC acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 4.3 %

Shares of NYSE EMR opened at $108.90 on Friday. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The business has a 50-day simple moving average of $106.27 and a two-hundred day simple moving average of $109.35. 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 market cap of $62.30 billion, a P/E ratio of 5.83, a P/E/G ratio of 1.74 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 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 business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.93%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. 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 objective for the company. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.