NTV Asset Management LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

NTV Asset Management LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,332 shares of the industrial products company’s stock after purchasing an additional 896 shares during the period. NTV Asset Management LLC’s holdings in Emerson Electric were worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Trust Co. of Toledo NA OH grew its position in shares of Emerson Electric by 44.0% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 11,127 shares of the industrial products company’s stock valued at $1,048,000 after buying an additional 3,400 shares during the last quarter. Calamos Advisors LLC boosted its stake in Emerson Electric by 9.7% during the 3rd quarter. Calamos Advisors LLC now owns 236,038 shares of the industrial products company’s stock worth $22,235,000 after purchasing an additional 20,827 shares during the period. Veriti Management LLC boosted its stake in Emerson Electric by 9.3% during the 3rd quarter. Veriti Management LLC now owns 12,871 shares of the industrial products company’s stock worth $1,212,000 after purchasing an additional 1,095 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $46,099,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Emerson Electric by 3.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 71,484 shares of the industrial products company’s stock worth $6,880,000 after acquiring an additional 2,452 shares during the period. 72.54% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Emerson Electric from $116.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, December 10th. Barclays lifted their price target on shares of Emerson Electric from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 4th. Loop Capital began coverage on shares of Emerson Electric in a research report on Wednesday, November 17th. They issued a “buy” rating and a $124.00 target price on the stock. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $104.00 to $116.00 in a report on Tuesday, January 4th. Finally, Sanford C. Bernstein began coverage on shares of Emerson Electric in a report on Monday. They set a “market perform” rating and a $100.00 price target for the company. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $103.65.

Shares of EMR stock traded down $0.75 during trading hours on Friday, reaching $96.53. 14,313 shares of the company’s stock were exchanged, compared to its average volume of 2,592,010. Emerson Electric Co. has a fifty-two week low of $78.33 and a fifty-two week high of $105.99. The stock has a market capitalization of $57.43 billion, a P/E ratio of 25.47, a P/E/G ratio of 2.27 and a beta of 1.52. The business has a fifty day moving average price of $93.45 and a 200-day moving average price of $96.86. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, November 3rd. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.03. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $5.09 billion. Emerson Electric had a return on equity of 26.45% and a net margin of 12.63%. Emerson Electric’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. As a group, research analysts expect that Emerson Electric Co. will post 4.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 12th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.13%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 10th. Emerson Electric’s dividend payout ratio is 53.93%.

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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