Emerson Electric Co. (NYSE:EMR) Position Increased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its stake in Emerson Electric Co. (NYSE:EMR) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 96,579 shares of the industrial products company’s stock after acquiring an additional 2,941 shares during the period. Citizens Financial Group Inc. RI’s holdings in Emerson Electric were worth $10,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at $31,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Security National Bank acquired a new position in shares of Emerson Electric in the fourth quarter worth about $29,000. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric in the first quarter worth approximately $35,000. Finally, Cape Investment Advisory Inc. raised its holdings in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective 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 lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Redburn Atlantic started 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.29.

Emerson Electric Trading Up 0.6 %

Emerson Electric stock opened at $102.03 on Monday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company’s fifty day moving average price is $107.81 and its two-hundred day moving average price is $109.60. The company has a market capitalization of $58.37 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 1.66 and a beta of 1.30. 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 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 the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.29 EPS. On average, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Emerson Electric 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.