Klein Pavlis & Peasley Financial Inc. Acquires 144 Shares of Emerson Electric Co. (NYSE:EMR)

Klein Pavlis & Peasley Financial Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,989 shares of the industrial products company’s stock after purchasing an additional 144 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Emerson Electric were worth $874,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. LVW Advisors LLC lifted its position in shares of Emerson Electric by 55.5% in the 1st 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 during the period. Aviance Capital Partners LLC purchased a new position in Emerson Electric in the first quarter valued at $706,000. Diversified Trust Co increased its holdings in Emerson Electric by 0.9% in the first quarter. Diversified Trust Co now owns 22,611 shares of the industrial products company’s stock valued at $2,565,000 after buying an additional 207 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in Emerson Electric by 193.9% in the first quarter. Miracle Mile Advisors LLC now owns 18,318 shares of the industrial products company’s stock valued at $2,078,000 after buying an additional 12,085 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at about $35,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Barclays dropped their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. 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 report on Thursday, September 26th. Finally, Robert W. Baird increased their price target on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Price Performance

NYSE EMR opened at $108.13 on Monday. The stock has a 50-day simple moving average of $106.19 and a 200 day simple moving average of $108.96. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a market capitalization of $61.86 billion, a PE ratio of 5.79, a P/E/G ratio of 1.68 and a beta of 1.30. 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 (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

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. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

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.