Emerson Electric Co. (NYSE:EMR) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in Emerson Electric Co. (NYSE:EMR) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 756,776 shares of the industrial products company’s stock after acquiring an additional 6,070 shares during the quarter. The Manufacturers Life Insurance Company owned 0.13% of Emerson Electric worth $83,359,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EMR. American National Bank & Trust Co. VA acquired a new stake in shares of Emerson Electric during the first quarter worth about $1,011,000. Exencial Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after purchasing an additional 7,358 shares during the period. SG Americas Securities LLC lifted 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 period. Lloyd Advisory Services LLC. acquired a new stake in shares of Emerson Electric during the first quarter worth about $1,047,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3 %

Shares of EMR opened at $109.22 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The stock has a market capitalization of $62.48 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 1.74 and a beta of 1.30. The stock has a 50 day moving average price of $105.99 and a 200 day moving average price of $109.33.

Emerson Electric (NYSE:EMR) last issued its quarterly 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 firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. 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 report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.