Emerson Electric Co. $EMR Shares Purchased by Nordwand Advisors LLC

Nordwand Advisors LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 1,218.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,308 shares of the industrial products company’s stock after purchasing an additional 2,133 shares during the period. Nordwand Advisors LLC’s holdings in Emerson Electric were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EMR. Saudi Central Bank acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the 1st quarter worth $27,000. PFS Partners LLC raised its position in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 purchasing an additional 288 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $126.70 on Wednesday. The company’s 50-day moving average is $131.94 and its two-hundred day moving average is $131.11. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market capitalization of $71.18 billion, a price-to-earnings ratio of 27.25, 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 EPS for the quarter. The firm 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%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.8%. Emerson Electric’s dividend payout ratio is currently 54.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Wolfe Research lowered their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group dropped their target price 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, JPMorgan Chase & Co. decreased their price target 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, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus 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.