Emerson Electric Co. (NYSE:EMR) Position Boosted by United Advisor Group LLC

United Advisor Group LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 4.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,598 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. United Advisor Group LLC’s holdings in Emerson Electric were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the third quarter worth approximately $33,000. Versant Capital Management Inc lifted its position in 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 acquired a new stake in Emerson Electric in the third quarter worth approximately $43,000. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Stock Up 7.8 %

NYSE EMR opened at $126.86 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $107.50 and its two-hundred day moving average is $109.05. The company has a market capitalization of $72.65 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $127.74.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 70.47%.

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.