Advisors Asset Management Inc. Grows Holdings in Emerson Electric Co. (NYSE:EMR)

Advisors Asset Management Inc. grew its stake in Emerson Electric Co. (NYSE:EMR) by 16.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 75,515 shares of the industrial products company’s stock after buying an additional 10,442 shares during the quarter. Advisors Asset Management Inc.’s holdings in Emerson Electric were worth $8,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Emerson Electric by 3.5% in the 4th quarter. Raymond James & Associates now owns 664,496 shares of the industrial products company’s stock worth $64,675,000 after acquiring an additional 22,412 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Emerson Electric by 10.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 491,328 shares of the industrial products company’s stock worth $47,821,000 after acquiring an additional 47,376 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Emerson Electric by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 39,482 shares of the industrial products company’s stock worth $3,843,000 after acquiring an additional 848 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $387,000. Finally, Blackston Financial Advisory Group LLC bought a new stake in Emerson Electric during the 4th quarter valued at $241,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EMR. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup upped their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Finally, Barclays upped their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Stock Up 2.0 %

NYSE EMR traded up $2.25 during trading hours on Friday, reaching $116.84. 1,488,096 shares of the company’s stock traded hands, compared to its average volume of 2,632,527. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The firm has a market cap of $66.84 billion, a PE ratio of 6.13, a PEG ratio of 1.95 and a beta of 1.32. The firm has a 50-day simple moving average of $111.15 and a 200 day simple moving average of $107.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the company posted $1.09 EPS. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.80%. 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.