Emerson Electric Co. (NYSE:EMR) Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,102 shares of the industrial products company’s stock after buying an additional 137 shares during the period. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Ulland Investment Advisors LLC acquired a new stake in Emerson Electric during the first quarter worth approximately $26,000. Lee Financial Co boosted its stake in Emerson Electric by 5,600.0% in the first quarter. Lee Financial Co now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 280 shares in the last quarter. Certified Advisory Corp acquired a new stake in shares of Emerson Electric during the first quarter worth about $34,000. Riverview Trust Co lifted its holdings in shares of Emerson Electric by 404.1% in the 1st quarter. Riverview Trust Co now owns 368 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 295 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $35,000. 72.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EMR. JPMorgan Chase & Co. assumed coverage on Emerson Electric in a report on Thursday, July 7th. They issued a “neutral” rating and a $80.00 price objective for the company. Mizuho lifted their price objective on shares of Emerson Electric from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Wells Fargo & Company raised their price target on Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, William Blair reissued a “market perform” rating on shares of Emerson Electric in a report on Tuesday, August 9th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.77.

Emerson Electric Stock Performance

EMR opened at $82.30 on Thursday. The stock’s 50 day simple moving average is $84.89 and its 200 day simple moving average is $88.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.80. The stock has a market cap of $48.66 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.97 and a beta of 1.42. Emerson Electric Co. has a 1-year low of $76.16 and a 1-year high of $100.47.

Emerson Electric (NYSE:EMRGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. Emerson Electric had a net margin of 16.45% and a return on equity of 25.06%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.11 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, August 11th. Emerson Electric’s dividend payout ratio is presently 39.02%.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

Further Reading

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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