Ignite Planners LLC Makes New $237,000 Investment in Emerson Electric Co. $EMR

Ignite Planners LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,642 shares of the industrial products company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Davis Investment Partners LLC purchased a new stake in Emerson Electric in the second quarter valued at approximately $692,000. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Emerson Electric by 13.8% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock valued at $1,877,000 after acquiring an additional 2,071 shares during the period. HighTower Advisors LLC raised its position in Emerson Electric by 1.6% in the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after purchasing an additional 11,097 shares during the last quarter. DnB Asset Management AS boosted its stake in Emerson Electric by 5.6% during the 1st quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after purchasing an additional 48,226 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Emerson Electric by 69.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 244,991 shares of the industrial products company’s stock worth $32,665,000 after purchasing an additional 100,606 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 3.0%

Shares of EMR opened at $128.48 on Friday. The firm’s 50-day moving average is $132.26 and its two-hundred day moving average is $130.32. 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 firm has a market capitalization of $72.31 billion, a P/E ratio of 27.63, a PEG ratio of 2.36 and a beta of 1.30.

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

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a $0.555 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric declared that its board has authorized a stock buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Barclays boosted their target price on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

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.