CX Institutional Boosts Stock Position in Emerson Electric Co. $EMR

CX Institutional raised its holdings in Emerson Electric Co. (NYSE:EMR) by 2.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,823 shares of the industrial products company’s stock after acquiring an additional 325 shares during the period. CX Institutional’s holdings in Emerson Electric were worth $2,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in Emerson Electric in the 1st quarter valued at about $25,000. Ameriflex Group Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at about $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the 1st quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC grew its holdings in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EMR shares. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Finally, TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.36 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $74.49 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.30. The business has a 50 day simple moving average of $136.63 and a 200-day simple moving average of $123.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.43 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.