Connors Investor Services Inc. Buys 5,067 Shares of Emerson Electric Co. (NYSE:EMR)

Connors Investor Services Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 133,408 shares of the industrial products company’s stock after acquiring an additional 5,067 shares during the period. Emerson Electric comprises 1.5% of Connors Investor Services Inc.’s investment portfolio, making the stock its 22nd biggest position. Connors Investor Services Inc.’s holdings in Emerson Electric were worth $14,696,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its holdings in Emerson Electric by 4.8% during the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 199 shares during the period. Gryphon Financial Partners LLC increased its position in shares of Emerson Electric by 12.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock valued at $619,000 after buying an additional 722 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Emerson Electric by 3.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 13,210 shares of the industrial products company’s stock valued at $1,286,000 after buying an additional 449 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Emerson Electric by 6.3% in the 4th quarter. Clearbridge Investments LLC now owns 968,561 shares of the industrial products company’s stock valued at $94,270,000 after buying an additional 57,028 shares in the last quarter. Finally, Sachetta LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $634,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EMR. Oppenheimer lowered their price objective on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.29.

Emerson Electric Trading Up 0.3 %

Shares of EMR stock opened at $102.30 on Tuesday. The stock has a 50 day simple moving average of $107.66 and a 200 day simple moving average of $109.57. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $58.53 billion, a P/E ratio of 5.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.05%. Emerson Electric’s payout ratio is 11.24%.

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.