Hazlett Burt & Watson Inc. Acquires 2,582 Shares of Emerson Electric Co. (NYSE:EMR)

Hazlett Burt & Watson Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 31.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,742 shares of the industrial products company’s stock after purchasing an additional 2,582 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Emerson Electric were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the 2nd quarter worth $574,908,000. Legal & General Group Plc lifted its holdings in shares of Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after purchasing an additional 224,784 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Emerson Electric by 3.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after buying an additional 88,294 shares in the last quarter. Finally, Swedbank AB raised its stake in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR traded up $0.94 on Monday, reaching $109.40. 897,553 shares of the company’s stock were exchanged, compared to its average volume of 2,674,840. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a market cap of $62.65 billion, a PE ratio of 36.40, a P/E/G ratio of 1.66 and a beta of 1.30. 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 stock’s fifty day moving average price is $106.66 and its 200-day moving average price is $108.85.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 70.47%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Oppenheimer upped 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. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Barclays dropped their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

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.