Donaldson Capital Management LLC Buys 197 Shares of Emerson Electric Co. (NYSE:EMR)

Donaldson Capital Management LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,181 shares of the industrial products company’s stock after purchasing an additional 197 shares during the period. Donaldson Capital Management LLC’s holdings in Emerson Electric were worth $567,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EMR. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter valued at about $31,000. Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the third quarter valued at about $33,000. Versant Capital Management Inc lifted its position 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 valued at $36,000 after acquiring an additional 269 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Emerson Electric in the third quarter valued at about $44,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EMR shares. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada decreased their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.53.

Emerson Electric Trading Up 1.2 %

Shares of NYSE EMR opened at $109.81 on Tuesday. The business’s 50 day moving average is $106.76 and its two-hundred day moving average is $108.86. 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 Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The stock has a market capitalization of $62.89 billion, a P/E ratio of 36.85, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released 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. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. As a group, research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio is 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.