William B. Walkup & Associates Inc. Invests $1.15 Million in Emerson Electric Co. (NYSE:EMR)

William B. Walkup & Associates Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,458 shares of the industrial products company’s stock, valued at approximately $1,152,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. raised its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Security National Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth $29,000. Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the first quarter worth $35,000. Finally, Rise Advisors LLC bought a new stake in Emerson Electric during the first quarter worth about $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EMR shares. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Barclays reduced their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities 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, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Trading Up 0.3 %

NYSE EMR opened at $109.22 on Monday. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $62.48 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. The business’s 50-day moving average price is $105.99 and its two-hundred day moving average price is $109.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share 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 during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

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