Coastal Bridge Advisors LLC Makes New $258,000 Investment in Emerson Electric Co. (NYSE:EMR)

Coastal Bridge Advisors LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,346 shares of the industrial products company’s stock, valued at approximately $258,000.

A number of other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Emerson Electric by 3.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 381,128 shares of the industrial products company’s stock worth $41,985,000 after purchasing an additional 10,994 shares in the last quarter. Silver Lake Advisory LLC raised its position in Emerson Electric by 0.4% in the 2nd quarter. Silver Lake Advisory LLC now owns 24,044 shares of the industrial products company’s stock worth $2,649,000 after purchasing an additional 104 shares during the last quarter. Creative Planning lifted its holdings in Emerson Electric by 3.4% during the 2nd quarter. Creative Planning now owns 181,939 shares of the industrial products company’s stock worth $20,042,000 after buying an additional 6,051 shares in the last quarter. Kathmere Capital Management LLC bought a new position in Emerson Electric in the 2nd quarter valued at $202,000. Finally, Legal & General Group Plc increased its stake in shares of Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after buying an additional 224,784 shares during the period. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Redburn Atlantic started coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, Barclays decreased 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. One research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Stock Up 0.3 %

Shares of EMR stock opened at $109.22 on Friday. 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 firm has a fifty day moving average of $105.99 and a 200-day moving average of $109.33. The company has a market capitalization of $62.48 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 1.74 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. As a group, equities research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

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.