Emerson Electric Co. (NYSE:EMR) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,994 shares of the industrial products company’s stock after buying an additional 3,630 shares during the quarter. Everence Capital Management Inc.’s holdings in Emerson Electric were worth $3,499,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. grew its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Tributary Capital Management LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $35,000. Versant Capital Management Inc raised its holdings in shares of 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 last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in Emerson Electric by 2,650.0% in the 1st quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Barclays lowered their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, Royal Bank of Canada lowered their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Down 0.6 %

Shares of NYSE:EMR traded down $0.61 during trading on Monday, hitting $109.83. The company’s stock had a trading volume of 474,637 shares, compared to its average volume of 2,695,388. The company has a market capitalization of $62.83 billion, a PE ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The business has a 50 day moving average price of $105.66 and a two-hundred day moving average price of $109.14.

Emerson Electric (NYSE:EMR) last posted its quarterly 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. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $1.29 EPS. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect 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. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.