Farmers & Merchants Investments Inc. Acquires 2,798 Shares of Emerson Electric Co. (NYSE:EMR)

Farmers & Merchants Investments Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,138 shares of the industrial products company’s stock after purchasing an additional 2,798 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Emerson Electric were worth $21,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Emerson Electric during the 1st quarter valued at $31,000. Security National Bank purchased a new position in Emerson Electric during the 4th quarter worth $29,000. Tributary Capital Management LLC purchased a new position in Emerson Electric during the 1st quarter worth $35,000. Cape Investment Advisory Inc. boosted its holdings in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in Emerson Electric during the 1st quarter worth $36,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Oppenheimer cut their price objective on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Stock Performance

NYSE EMR traded up $0.32 during trading on Friday, hitting $100.29. 79,137 shares of the company’s stock traded hands, compared to its average volume of 2,683,204. The stock has a market capitalization of $57.38 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 1.75 and a beta of 1.32. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The business has a 50 day moving average of $108.93 and a 200-day moving average of $109.78.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.