WealthPlan Investment Management LLC Makes New $317,000 Investment in Emerson Electric Co. (NYSE:EMR)

WealthPlan Investment Management LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,344 shares of the industrial products company’s stock, valued at approximately $317,000.

Other institutional investors have also recently bought and sold shares of the company. RB Capital Management LLC lifted its holdings in shares of Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after buying an additional 155 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Emerson Electric during the 1st quarter valued at about $116,000. Prudential PLC acquired a new stake in shares of Emerson Electric during the 1st quarter valued at about $1,215,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Emerson Electric by 17.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Emerson Electric by 31.8% during the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after buying an additional 931 shares during the last quarter. 71.64% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $80.84 on Friday. Emerson Electric Co. has a 1-year low of $72.40 and a 1-year high of $100.00. The firm has a market capitalization of $46.19 billion, a PE ratio of 10.26, a PEG ratio of 2.40 and a beta of 1.39. The business’s 50 day moving average is $87.55 and its 200-day moving average is $87.62. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.43 billion. Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. Emerson Electric’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. Sell-side analysts predict that Emerson Electric Co. will post 4.07 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 16th. Emerson Electric’s dividend payout ratio is currently 26.40%.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Emerson Electric from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 30th. Cowen cut their price objective on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. Royal Bank of Canada cut their price objective on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Citigroup cut their price objective on Emerson Electric from $109.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, February 13th. Finally, TheStreet downgraded Emerson Electric from a “b+” rating to a “c+” rating in a research report on Wednesday, February 8th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.43.

About Emerson Electric

(Get Rating)

Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.