Emerson Electric Co. (NYSE:EMR) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 55.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,619 shares of the industrial products company’s stock after purchasing an additional 3,060 shares during the quarter. Farther Finance Advisors LLC’s holdings in Emerson Electric were worth $931,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter valued at approximately $31,000. Security National Bank purchased a new stake in Emerson Electric during the 4th quarter worth $29,000. Tributary Capital Management LLC acquired a new stake in Emerson Electric in the 1st quarter valued at $35,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of Emerson Electric in the first quarter worth about $36,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.2 %

Emerson Electric stock opened at $105.39 on Monday. The firm has a 50-day moving average price of $109.40 and a two-hundred day moving average price of $109.94. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The firm has a market capitalization of $60.29 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 1.75 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. During the same period in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Robert W. Baird increased their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.18.

Emerson Electric Company 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.