Rothschild Investment LLC Increases Holdings in Emerson Electric Co. $EMR

Rothschild Investment LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 12.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,492 shares of the industrial products company’s stock after acquiring an additional 4,283 shares during the quarter. Rothschild Investment LLC’s holdings in Emerson Electric were worth $4,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Nomura Asset Management Co. Ltd. increased its stake in Emerson Electric by 17.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 547,605 shares of the industrial products company’s stock valued at $73,012,000 after purchasing an additional 82,940 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Emerson Electric by 3.1% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 399,592 shares of the industrial products company’s stock worth $53,278,000 after acquiring an additional 12,038 shares in the last quarter. Westpac Banking Corp lifted its position in Emerson Electric by 6.0% in the second quarter. Westpac Banking Corp now owns 3,706 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 209 shares during the last quarter. Summitry LLC grew its holdings in shares of Emerson Electric by 5.2% during the second quarter. Summitry LLC now owns 56,915 shares of the industrial products company’s stock worth $7,589,000 after purchasing an additional 2,799 shares during the last quarter. Finally, MTM Investment Management LLC lifted its holdings in shares of Emerson Electric by 3.3% in the 2nd quarter. MTM Investment Management LLC now owns 3,526 shares of the industrial products company’s stock valued at $470,000 after purchasing an additional 111 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.8%

Shares of EMR opened at $127.48 on Monday. 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 $71.62 billion, a P/E ratio of 27.42, a PEG ratio of 2.36 and a beta of 1.30. The firm’s 50-day moving average is $132.16 and its two-hundred day moving average is $130.83.

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 declared that its Board of Directors has authorized a share buyback program on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Royal Bank Of Canada decreased their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Barclays boosted their price target on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, Daiwa Capital Markets upped their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $149.00.

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.