Emerson Electric Co. (NYSE:EMR) Stake Lifted by City Holding Co.

City Holding Co. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 0.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 22,528 shares of the industrial products company’s stock after purchasing an additional 201 shares during the quarter. City Holding Co.’s holdings in Emerson Electric were worth $2,122,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Emerson Electric in the second quarter worth $28,000. Canton Hathaway LLC grew its stake in shares of Emerson Electric by 234.6% in the third quarter. Canton Hathaway LLC now owns 358 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 251 shares in the last quarter. Financial Insights Inc. bought a new position in shares of Emerson Electric in the second quarter worth $38,000. Arlington Partners LLC grew its stake in shares of Emerson Electric by 1,613.3% in the third quarter. Arlington Partners LLC now owns 514 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 484 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of Emerson Electric in the second quarter worth $58,000. 72.75% of the stock is owned by institutional investors.

Shares of Emerson Electric stock opened at $90.31 on Friday. The stock has a 50-day moving average price of $95.74 and a 200 day moving average price of $97.62. The company has a market cap of $53.73 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.20 and a beta of 1.52. The company has a current ratio of 1.35, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. Emerson Electric Co. has a 1 year low of $74.50 and a 1 year high of $105.99.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, November 3rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.03. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $5.09 billion. Emerson Electric had a return on equity of 26.45% and a net margin of 12.63%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 4.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Friday, November 12th will be given a $0.515 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, November 10th. Emerson Electric’s dividend payout ratio is presently 53.93%.

Several brokerages have recently weighed in on EMR. Morgan Stanley cut their price objective on Emerson Electric from $106.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, October 7th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, August 12th. Loop Capital began coverage on Emerson Electric in a report on Wednesday, November 17th. They issued a “buy” rating and a $124.00 price objective for the company. Credit Suisse Group cut their price objective on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating for the company in a report on Thursday, November 4th. Finally, Wells Fargo & Company started coverage on Emerson Electric in a report on Thursday, October 7th. They issued an “equal weight” rating and a $99.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has an average rating of “Buy” and an average price target of $102.80.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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