Emerson Electric Co. $EMR Shares Bought by Orca Investment Management LLC

Orca Investment Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,190 shares of the industrial products company’s stock after acquiring an additional 81 shares during the quarter. Orca Investment Management LLC’s holdings in Emerson Electric were worth $559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Brighton Jones LLC lifted its holdings in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. GAMMA Investing LLC increased its position in shares of Emerson Electric by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock valued at $1,126,000 after buying an additional 1,479 shares in the last quarter. Simon Quick Advisors LLC increased its position in shares of Emerson Electric by 27.5% in the first quarter. Simon Quick Advisors LLC now owns 3,693 shares of the industrial products company’s stock valued at $405,000 after buying an additional 796 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Emerson Electric by 19.7% in the first quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company’s stock valued at $72,000 after buying an additional 108 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Emerson Electric by 3.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 11,360 shares of the industrial products company’s stock valued at $1,246,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 4.2%

Emerson Electric stock opened at $125.99 on Friday. 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 stock has a market cap of $70.91 billion, a PE ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. The stock has a 50-day moving average price of $132.66 and a 200 day moving average price of $125.25. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week 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 EPS for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.7%. Emerson Electric’s payout ratio is 45.38%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stephens raised their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Citigroup raised their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Bank of America raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.29.

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.