Emerson Electric Co. (NYSE:EMR) Shares Purchased by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,135 shares of the industrial products company’s stock after acquiring an additional 282 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Emerson Electric were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Emerson Electric by 78.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 4,170 shares of the industrial products company’s stock valued at $459,000 after buying an additional 1,829 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Emerson Electric by 85.6% in the second quarter. Atomi Financial Group Inc. now owns 6,299 shares of the industrial products company’s stock worth $694,000 after acquiring an additional 2,905 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Emerson Electric by 50.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 149,795 shares of the industrial products company’s stock worth $16,501,000 after buying an additional 50,341 shares in the last quarter. Callan Family Office LLC increased its position in shares of Emerson Electric by 11.6% in the 2nd quarter. Callan Family Office LLC now owns 2,791 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 291 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Emerson Electric by 1.3% during the second quarter. Verdence Capital Advisors LLC now owns 13,512 shares of the industrial products company’s stock worth $1,489,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock traded down $1.07 on Tuesday, hitting $103.84. 1,586,545 shares of the stock were exchanged, compared to its average volume of 2,680,191. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $59.41 billion, a PE ratio of 5.56, a P/E/G ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The firm’s 50 day moving average is $109.73 and its two-hundred day moving average is $109.95.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.02%. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EMR shares. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Mizuho increased their target price on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Wells Fargo & Company dropped their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Barclays reduced their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.33.

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.