Mitchell Mcleod Pugh & Williams Inc. Purchases 340 Shares of Emerson Electric Co. $EMR

Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,791 shares of the industrial products company’s stock after acquiring an additional 340 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Emerson Electric were worth $639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Emerson Electric during the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric during the first quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in Emerson Electric during the first quarter valued at about $28,000. Fourth Dimension Wealth LLC grew its stake in shares of 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 purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $36,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.2%

Shares of EMR opened at $129.70 on Wednesday. The firm has a market capitalization of $73.00 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The business’s fifty day moving average price is $132.16 and its two-hundred day moving average price is $125.51. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion for the quarter. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EMR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Citigroup upped 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. Daiwa Capital Markets upped their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, KeyCorp upped 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. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.56.

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.