Douglas Lane & Associates LLC Has $890,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Douglas Lane & Associates LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,079 shares of the industrial products company’s stock after selling 100 shares during the period. Douglas Lane & Associates LLC’s holdings in Emerson Electric were worth $890,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PFG Advisors boosted its stake in shares of Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 96 shares in the last quarter. Lake Street Private Wealth LLC grew its holdings in Emerson Electric by 2.3% during the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 99 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Emerson Electric by 1.7% in the first quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock worth $695,000 after buying an additional 100 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Emerson Electric by 1.0% during the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after buying an additional 101 shares during the period. Finally, Manchester Capital Management LLC grew its stake in Emerson Electric by 1.3% in the 1st quarter. Manchester Capital Management LLC now owns 7,992 shares of the industrial products company’s stock valued at $906,000 after buying an additional 102 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $1.37 during midday trading on Tuesday, hitting $107.76. 3,019,009 shares of the company were exchanged, compared to its average volume of 2,631,860. The firm has a 50 day simple moving average of $111.19 and a 200-day simple moving average of $109.09. 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 $61.65 billion, a P/E ratio of 5.77, a PEG ratio of 1.93 and a beta of 1.32. 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 earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EMR shares. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Mizuho raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Robert W. Baird cut their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.88.

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.