Emerson Electric Co. (NYSE:EMR) Stake Lifted by Everett Harris & Co. CA

Everett Harris & Co. CA increased its stake in Emerson Electric Co. (NYSE:EMR) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,768 shares of the industrial products company’s stock after acquiring an additional 1,312 shares during the period. Everett Harris & Co. CA’s holdings in Emerson Electric were worth $5,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust Co. VA bought a new stake in Emerson Electric during the first quarter worth approximately $1,011,000. FCG Investment Co boosted its holdings in Emerson Electric by 93.8% during the first quarter. FCG Investment Co now owns 7,460 shares of the industrial products company’s stock worth $846,000 after buying an additional 3,610 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Emerson Electric by 17.9% during the first quarter. First Trust Direct Indexing L.P. now owns 17,000 shares of the industrial products company’s stock worth $1,928,000 after buying an additional 2,577 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Emerson Electric by 2.6% during the first quarter. Cornerstone Wealth Management LLC now owns 46,516 shares of the industrial products company’s stock worth $5,276,000 after buying an additional 1,198 shares in the last quarter. Finally, Massachusetts Wealth Management boosted its holdings in Emerson Electric by 5.2% during the first quarter. Massachusetts Wealth Management now owns 16,246 shares of the industrial products company’s stock worth $1,843,000 after buying an additional 800 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 0.3 %

Shares of EMR traded up $0.29 during mid-day trading on Thursday, hitting $109.56. 1,074,795 shares of the company’s stock were exchanged, compared to its average volume of 2,281,336. The firm has a fifty day moving average of $109.98 and a two-hundred day moving average of $105.99. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $116.76. The stock has a market cap of $62.68 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 1.86 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business posted $1.09 EPS. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a $0.525 dividend. The ex-dividend date was Thursday, May 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EMR shares. Mizuho raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup upped their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Robert W. Baird reduced their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $122.76.

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.