CW Advisors LLC Buys 28,022 Shares of Emerson Electric Co. $EMR

CW Advisors LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 739.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,811 shares of the industrial products company’s stock after purchasing an additional 28,022 shares during the period. CW Advisors LLC’s holdings in Emerson Electric were worth $4,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. iA Global Asset Management Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $467,000. Goldman Sachs Group Inc. lifted its position in shares of Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after acquiring an additional 579,653 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Emerson Electric by 1.3% in the first quarter. Chicago Partners Investment Group LLC now owns 9,624 shares of the industrial products company’s stock worth $1,057,000 after acquiring an additional 123 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Emerson Electric by 9.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,117,165 shares of the industrial products company’s stock valued at $122,486,000 after purchasing an additional 94,190 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. Jefferies Financial Group cut their target price on Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.67.

Emerson Electric Trading Up 0.5%

NYSE EMR opened at $137.36 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $131.70 and its two-hundred day simple moving average is $132.32. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a market capitalization of $77.24 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.23 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 54.95%.

Emerson Electric declared that its board has approved a stock buyback program on Wednesday, November 5th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

About Emerson Electric

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.