Cerity Partners LLC Grows Position in Emerson Electric Co. $EMR

Cerity Partners LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 771,548 shares of the industrial products company’s stock after purchasing an additional 5,863 shares during the quarter. Cerity Partners LLC owned 0.14% of Emerson Electric worth $102,871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EMR. Saudi Central Bank purchased a new stake in Emerson Electric in the first quarter worth $25,000. Winnow Wealth LLC purchased a new stake in Emerson Electric in the 2nd quarter valued at about $34,000. PFS Partners LLC increased its position in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Traub Capital Management LLC bought a new stake in shares of Emerson Electric during the second quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC bought a new position in Emerson Electric in the second quarter worth approximately $38,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.5%

NYSE EMR opened at $137.36 on Friday. The firm has a market cap of $77.24 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. 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 company has a 50 day moving average price of $131.70 and a 200 day moving average price of $132.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The business had revenue of $3.16 billion for the quarter. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

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

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. 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 report on Monday, November 10th. Wolfe Research increased their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Barclays boosted their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $147.67.

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.