Emerson Electric Co. (NYSE:EMR) Shares Bought by Greenleaf Trust

Greenleaf Trust increased its holdings in Emerson Electric Co. (NYSE:EMR) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,617 shares of the industrial products company’s stock after buying an additional 3,216 shares during the period. Greenleaf Trust’s holdings in Emerson Electric were worth $3,895,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $31,000. Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $35,000. Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of Emerson Electric by 2,650.0% in the first quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 371 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.1 %

NYSE:EMR traded down $0.06 during trading hours on Wednesday, hitting $109.42. 15,798 shares of the company traded hands, compared to its average volume of 2,684,484. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $105.91 and its 200-day simple moving average is $109.09. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a market cap of $62.60 billion, a PE ratio of 5.86, a PEG ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business earned $1.29 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business 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. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Morgan Stanley started coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada cut their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

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.