Avalon Global Asset Management LLC Takes $6.67 Million Position in Emerson Electric Co. $EMR

Avalon Global Asset Management LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the industrial products company’s stock, valued at approximately $6,667,000.

A number of other large investors also recently bought and sold shares of the business. Saudi Central Bank purchased a new position in shares of Emerson Electric in the 1st quarter valued at $25,000. Winnow Wealth LLC bought a new stake in Emerson Electric during the second quarter valued at about $34,000. PFS Partners LLC grew its stake in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. Traub Capital Management LLC bought a new position in Emerson Electric in the second quarter worth about $37,000. Finally, Princeton Global Asset Management LLC bought a new position in Emerson Electric in the second quarter worth about $38,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EMR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Barclays upped their price target on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Daiwa Capital Markets raised their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Jefferies Financial Group dropped their target price on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.67.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares in the company, valued at approximately $26,106,836. The trade was a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $137.36 on Monday. The company has a market cap of $77.24 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The stock’s fifty day moving average price is $131.70 and its 200 day moving average price is $132.53. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

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

Emerson Electric Increases Dividend

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

Emerson Electric declared that its board has initiated a share repurchase plan on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.