Emerson Electric Co. (NYSE:EMR) Shares Purchased by Americana Partners LLC

Americana Partners LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 63.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,722 shares of the industrial products company’s stock after purchasing an additional 1,838 shares during the period. Americana Partners LLC’s holdings in Emerson Electric were worth $516,000 as of its most recent SEC filing.

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

Emerson Electric Stock Performance

NYSE:EMR opened at $108.46 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a 50-day moving average of $106.66 and a two-hundred day moving average of $108.88. The stock has a market cap of $62.12 billion, a P/E ratio of 36.40, a PEG ratio of 1.67 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. On average, research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given 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 1.94%. Emerson Electric’s payout ratio is 70.47%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Barclays dropped their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $125.47.

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.