DekaBank Deutsche Girozentrale Purchases 88,294 Shares of Emerson Electric Co. (NYSE:EMR)

DekaBank Deutsche Girozentrale lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,738,701 shares of the industrial products company’s stock after buying an additional 88,294 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.48% of Emerson Electric worth $297,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Chatham Capital Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $218,000. LVW Advisors LLC increased its position in shares of Emerson Electric by 55.5% during the first quarter. LVW Advisors LLC now owns 4,238 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 1,512 shares in the last quarter. Aviance Capital Partners LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $706,000. Diversified Trust Co boosted its position in shares of Emerson Electric by 0.9% in the 1st quarter. Diversified Trust Co now owns 22,611 shares of the industrial products company’s stock worth $2,565,000 after purchasing an additional 207 shares in the last quarter. Finally, BKM Wealth Management LLC increased its position in Emerson Electric by 14.6% during the 1st quarter. BKM Wealth Management LLC now owns 10,747 shares of the industrial products company’s stock valued at $1,219,000 after buying an additional 1,368 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research analyst reports. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price 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 report on Wednesday, August 14th. Oppenheimer lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Stock Down 0.1 %

Shares of NYSE:EMR opened at $108.13 on Friday. The stock’s fifty day simple moving average is $106.19 and its 200-day simple moving average is $109.00. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $61.93 billion, a P/E ratio of 36.29, a P/E/G ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating 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 company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed 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 1.94%. Emerson Electric’s payout ratio is 70.47%.

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.