Chicago Partners Investment Group LLC Purchases 1,001 Shares of Emerson Electric Co. $EMR

Chicago Partners Investment Group LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,625 shares of the industrial products company’s stock after buying an additional 1,001 shares during the period. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $1,561,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the 1st quarter worth $28,000. Fourth Dimension Wealth LLC grew its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. Finally, Garde Capital Inc. acquired a new stake in Emerson Electric during the 1st quarter worth $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.8%

EMR opened at $130.32 on Tuesday. The stock has a market capitalization of $73.34 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.24 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm’s fifty day simple moving average is $131.90 and its 200 day simple moving average is $126.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS 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 given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s payout ratio is 45.38%.

Wall Street Analyst Weigh In

A number of analysts have commented on EMR shares. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Stephens boosted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $148.28.

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.