Emerson Electric Co. (NYSE:EMR) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,880 shares of the industrial products company’s stock after purchasing an additional 6,249 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Emerson Electric were worth $8,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newport Trust Company LLC acquired a new position in shares of Emerson Electric during the second quarter worth about $574,908,000. Legal & General Group Plc boosted its holdings in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after buying an additional 224,784 shares in the last quarter. Swedbank AB increased its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Emerson Electric by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after purchasing an additional 355,106 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Emerson Electric by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock valued at $238,971,000 after purchasing an additional 134,865 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EMR. Robert W. Baird lifted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Barclays cut their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company decreased their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Down 0.1 %

Emerson Electric stock traded down $0.13 during trading on Friday, reaching $108.13. 1,524,135 shares of the company’s stock were exchanged, compared to its average volume of 2,692,833. The company’s 50-day moving average is $106.19 and its two-hundred day moving average is $109.04. 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 52-week low of $83.10 and a 52-week high of $119.53. The firm has a market cap of $61.86 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.70 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric Company 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.