Montag A & Associates Inc. Acquires 17,737 Shares of Emerson Electric Co. (NYSE:EMR)

Montag A & Associates Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 94.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,512 shares of the industrial products company’s stock after acquiring an additional 17,737 shares during the quarter. Montag A & Associates Inc.’s holdings in Emerson Electric were worth $4,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Emerson Electric in the fourth quarter worth approximately $764,604,000. First Trust Advisors LP raised its holdings in Emerson Electric by 219.2% during the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after buying an additional 1,786,583 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. Swedbank AB bought a new stake in shares of Emerson Electric during the first quarter worth about $129,670,000. Finally, Clean Energy Transition LLP boosted its stake in Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after purchasing an additional 990,615 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

EMR stock traded up $1.30 during mid-day trading on Friday, reaching $105.39. 3,476,241 shares of the company traded hands, compared to its average volume of 3,082,561. The company has a fifty day moving average price of $109.40 and a 200-day moving average price of $109.92. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a market capitalization of $60.36 billion, a P/E ratio of 5.64, a P/E/G ratio of 1.75 and a beta of 1.32. 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 (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.99%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and lifted their target price for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Mizuho upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Wells Fargo & Company dropped their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Oppenheimer decreased their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Loop Capital boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.18.

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.