GHP Investment Advisors Inc. Has $7.67 Million Position in Emerson Electric Co. (NYSE:EMR)

GHP Investment Advisors Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,631 shares of the industrial products company’s stock after acquiring an additional 5,776 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Emerson Electric were worth $7,671,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. American National Bank & Trust Co. VA acquired a new stake in shares of Emerson Electric in the first quarter valued at $1,011,000. Exencial Wealth Advisors LLC increased its stake in shares of Emerson Electric by 17.6% in the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after buying an additional 7,358 shares in the last quarter. Kingsview Wealth Management LLC increased its position in Emerson Electric by 22.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 62,197 shares of the industrial products company’s stock worth $6,054,000 after purchasing an additional 11,413 shares during the period. SG Americas Securities LLC increased its position in Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after purchasing an additional 53,003 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in Emerson Electric in the first quarter worth about $1,047,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. Wells Fargo & Company lowered their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Oppenheimer reduced their target price on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.06.

Emerson Electric Stock Up 1.6 %

EMR stock opened at $101.47 on Friday. 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 firm has a market capitalization of $58.11 billion, a PE ratio of 5.43, a PEG ratio of 1.66 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. The business’s 50 day simple moving average is $107.96 and its 200 day simple moving average is $109.58.

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

Emerson Electric Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.07%. Emerson Electric’s payout ratio is 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.