Mcdaniel Terry & Co. Purchases 2,915 Shares of Emerson Electric Co. (NYSE:EMR)

Mcdaniel Terry & Co. increased its position in Emerson Electric Co. (NYSE:EMR) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,867 shares of the industrial products company’s stock after purchasing an additional 2,915 shares during the quarter. Emerson Electric makes up 2.6% of Mcdaniel Terry & Co.’s portfolio, making the stock its 15th biggest position. Mcdaniel Terry & Co.’s holdings in Emerson Electric were worth $30,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Assenagon Asset Management S.A. lifted its stake in Emerson Electric by 296.0% in the third quarter. Assenagon Asset Management S.A. now owns 848,096 shares of the industrial products company’s stock valued at $92,756,000 after buying an additional 633,921 shares during the period. Bogart Wealth LLC boosted its stake in Emerson Electric by 19.5% during the 3rd quarter. Bogart Wealth LLC now owns 79,483 shares of the industrial products company’s stock worth $8,693,000 after acquiring an additional 12,968 shares during the last quarter. Greystone Financial Group LLC grew its holdings in Emerson Electric by 36.4% during the third quarter. Greystone Financial Group LLC now owns 71,096 shares of the industrial products company’s stock valued at $7,776,000 after purchasing an additional 18,975 shares during the period. Romano Brothers AND Company raised its holdings in Emerson Electric by 1.5% in the third quarter. Romano Brothers AND Company now owns 12,024 shares of the industrial products company’s stock worth $1,315,000 after purchasing an additional 175 shares during the period. Finally, Patrick M Sweeney & Associates Inc. boosted its position in shares of Emerson Electric by 5.6% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,275 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 282 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company lowered their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Barclays reduced their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada dropped their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Performance

Shares of EMR stock opened at $108.24 on Friday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The stock has a market cap of $61.92 billion, a P/E ratio of 5.79, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a fifty day moving average price of $106.01 and a two-hundred day moving average price of $109.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. 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 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.