Crestwood Advisors Group LLC Buys 193 Shares of Emerson Electric Co. (NYSE:EMR)

Crestwood Advisors Group LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,588 shares of the industrial products company’s stock after buying an additional 193 shares during the period. Crestwood Advisors Group LLC’s holdings in Emerson Electric were worth $4,767,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter valued at about $31,000. Meeder Asset Management Inc. raised its holdings 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. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the third quarter worth about $33,000. Versant Capital Management Inc increased its stake in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric in the third quarter worth about $43,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EMR. Royal Bank of Canada dropped their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company dropped 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. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.53.

Emerson Electric Stock Performance

EMR stock opened at $117.67 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company has a 50 day moving average price of $107.04 and a 200 day moving average price of $108.92. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.61. The stock has a market capitalization of $67.39 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. Emerson Electric’s payout ratio is presently 70.47%.

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.