Evergreen Capital Management LLC Has $557,000 Position in Emerson Electric Co. (NYSE:EMR)

Evergreen Capital Management LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,058 shares of the industrial products company’s stock after buying an additional 244 shares during the quarter. Evergreen Capital Management LLC’s holdings in Emerson Electric were worth $557,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in EMR. Public Sector Pension Investment Board grew its stake in shares of Emerson Electric by 74.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock valued at $2,432,000 after purchasing an additional 9,443 shares during the period. DRW Securities LLC bought a new stake in Emerson Electric in the second quarter valued at $235,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 75.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,613 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 1,126 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at $75,000. Finally, Gabelli Funds LLC grew its holdings in shares of Emerson Electric by 1.9% in the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 100 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EMR shares. Oppenheimer reduced their price target on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. Barclays cut 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. Robert W. Baird raised their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.29.

Emerson Electric Price Performance

EMR opened at $104.40 on Thursday. The company has a fifty day moving average price of $106.55 and a two-hundred day moving average price of $109.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The firm has a market capitalization of $59.73 billion, a PE ratio of 5.59, a P/E/G ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) 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.