Massachusetts Wealth Management Buys 1,690 Shares of Emerson Electric Co. (NYSE:EMR)

Massachusetts Wealth Management increased its holdings in Emerson Electric Co. (NYSE:EMR) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,011 shares of the industrial products company’s stock after purchasing an additional 1,690 shares during the quarter. Massachusetts Wealth Management’s holdings in Emerson Electric were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EMR. Transcendent Capital Group LLC bought a new stake in Emerson Electric during the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% during 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 in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $35,000. Versant Capital Management Inc lifted 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 purchasing an additional 269 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $44,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EMR shares. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Price Performance

NYSE:EMR traded up $0.54 during mid-day trading on Friday, hitting $108.80. 305,485 shares of the company’s stock traded hands, compared to its average volume of 2,686,787. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The firm’s 50 day simple moving average is $106.01 and its 200 day simple moving average is $109.09. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a market cap of $62.24 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.