Emerson Electric Co. (NYSE:EMR) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 200.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,983 shares of the industrial products company’s stock after acquiring an additional 14,009 shares during the quarter. EP Wealth Advisors LLC’s holdings in Emerson Electric were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Security National Bank acquired a new position in Emerson Electric in the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter worth $31,000. Meeder Asset Management Inc. raised its position in shares of 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 purchasing an additional 235 shares during the period. Tributary Capital Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at $35,000. Finally, Rise Advisors LLC purchased a new position in Emerson Electric in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One equities 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 stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Trading Down 0.1 %

Shares of NYSE:EMR opened at $109.25 on Wednesday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm has a fifty day moving average price of $105.65 and a 200 day moving average price of $109.31. 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 stock has a market capitalization of $62.50 billion, a PE ratio of 5.85, a P/E/G ratio of 1.74 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. 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 payout ratio is presently 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.