DT Investment Partners LLC Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

DT Investment Partners LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 15.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,459 shares of the industrial products company’s stock after buying an additional 199 shares during the period. DT Investment Partners LLC’s holdings in Emerson Electric were worth $160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. increased its holdings 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 during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric in the 1st quarter worth $35,000. Versant Capital Management Inc grew its position in Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the period. Finally, Matrix Trust Co purchased a new position in shares of Emerson Electric in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.2 %

Shares of NYSE:EMR opened at $108.24 on Friday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month 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 firm has a market cap of $61.92 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a fifty day simple moving average of $106.01 and a 200 day simple moving average of $109.09.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Barclays decreased their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric 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.