PFG Investments LLC Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

PFG Investments LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,623 shares of the industrial products company’s stock after buying an additional 2,226 shares during the quarter. PFG Investments LLC’s holdings in Emerson Electric were worth $1,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC increased its stake in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares during the last quarter. LCM Capital Management Inc grew its holdings in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 91 shares in the last quarter. Sabal Trust CO increased its position in shares of Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 94 shares during the last quarter. Finally, PFG Advisors grew its stake in Emerson Electric by 3.8% in the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 96 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.1 %

EMR opened at $108.13 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The stock’s 50 day moving average price is $106.19 and its 200 day moving average price is $109.00. The stock has a market cap of $61.93 billion, a P/E ratio of 36.29, a P/E/G ratio of 1.68 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 analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations 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 was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s payout ratio is 70.47%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Royal Bank of Canada reduced their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price 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.