Emerson Electric Co. (NYSE:EMR) Shares Acquired by Capital Market Strategies LLC

Capital Market Strategies LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 4.0% during the third quarter, Holdings Channel.com reports. The firm owned 4,076 shares of the industrial products company’s stock after acquiring an additional 158 shares during the period. Capital Market Strategies LLC’s holdings in Emerson Electric were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Thrive Wealth Management LLC raised its holdings in shares of Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 91 shares in the last quarter. LCM Capital Management Inc raised its stake in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 91 shares in the last quarter. Sabal Trust CO raised its stake in Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 93 shares in the last quarter. Catalyst Financial Partners LLC raised its stake in Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 94 shares in the last quarter. Finally, PFG Advisors raised its stake in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 96 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EMR shares. JPMorgan Chase & Co. lowered 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 research note on Wednesday, August 14th. Oppenheimer lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Stock Down 0.8 %

Shares of NYSE:EMR opened at $109.63 on Friday. The company has a market cap of $62.72 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 1.74 and a beta of 1.30. The firm’s 50-day simple moving average is $105.48 and its 200-day simple moving average is $109.32. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

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

Emerson Electric Announces Dividend

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

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.