Gradient Investments LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Gradient Investments LLC lifted its position in Emerson Electric Co. (NYSE:EMRGet Rating) by 76.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 369 shares of the industrial products company’s stock after purchasing an additional 160 shares during the period. Gradient Investments LLC’s holdings in Emerson Electric were worth $29,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. American National Bank raised its stake in Emerson Electric by 13.5% in the first quarter. American National Bank now owns 932 shares of the industrial products company’s stock worth $91,000 after buying an additional 111 shares in the last quarter. Eads & Heald Wealth Management raised its stake in Emerson Electric by 0.4% in the first quarter. Eads & Heald Wealth Management now owns 27,995 shares of the industrial products company’s stock worth $2,745,000 after buying an additional 120 shares in the last quarter. Synergy Asset Management LLC raised its stake in Emerson Electric by 0.3% in the first quarter. Synergy Asset Management LLC now owns 39,021 shares of the industrial products company’s stock worth $3,826,000 after buying an additional 122 shares in the last quarter. Choreo LLC raised its stake in Emerson Electric by 3.4% in the first quarter. Choreo LLC now owns 3,706 shares of the industrial products company’s stock worth $363,000 after buying an additional 123 shares in the last quarter. Finally, JGP Wealth Management LLC raised its stake in Emerson Electric by 3.2% in the first quarter. JGP Wealth Management LLC now owns 4,003 shares of the industrial products company’s stock worth $379,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $76.52 on Thursday. Emerson Electric Co. has a one year low of $76.16 and a one year high of $100.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06. The firm has a market cap of $45.25 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.85 and a beta of 1.42. The firm’s fifty day moving average is $84.81 and its two-hundred day moving average is $87.53.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 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 analyst estimates of $5.10 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.11 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, August 11th. Emerson Electric’s payout ratio is currently 39.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Emerson Electric in a research report on Thursday, July 7th. They set a “neutral” rating and a $80.00 price target on the stock. Barclays reduced their price target on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, July 8th. Mizuho upped their price target on Emerson Electric from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Argus upped their price target on Emerson Electric from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, William Blair reaffirmed a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, August 9th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $98.77.

Emerson Electric Company Profile

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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

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

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