Guinness Asset Management LTD Purchases 27,735 Shares of Emerson Electric Co. $EMR

Guinness Asset Management LTD boosted its position in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,901,595 shares of the industrial products company’s stock after purchasing an additional 27,735 shares during the quarter. Emerson Electric comprises approximately 4.5% of Guinness Asset Management LTD’s investment portfolio, making the stock its 7th largest position. Guinness Asset Management LTD owned about 0.34% of Emerson Electric worth $253,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Saudi Central Bank purchased a new position in shares of Emerson Electric in the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric in the 1st quarter worth approximately $27,000. PFS Partners LLC boosted its holdings in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $132.81 on Monday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. 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 company has a 50 day moving average price of $131.77 and a 200 day moving average price of $127.30. The stock has a market capitalization of $74.75 billion, a P/E ratio of 28.56, a PEG ratio of 2.29 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EMR shares. Royal Bank Of Canada raised their target price on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric 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.