Human Investing LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Human Investing LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,020 shares of the industrial products company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of Emerson Electric during the first quarter worth about $4,188,000. Diversify Advisory Services LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $588,000. Prosperity Consulting Group LLC acquired a new position in Emerson Electric during the first quarter worth approximately $507,000. StoneX Group Inc. increased its holdings in shares of Emerson Electric by 31.0% in the 1st quarter. StoneX Group Inc. now owns 17,875 shares of the industrial products company’s stock valued at $2,027,000 after acquiring an additional 4,225 shares during the period. Finally, Fortem Financial Group LLC increased its stake in Emerson Electric by 7.5% in the first quarter. Fortem Financial Group LLC now owns 21,697 shares of the industrial products company’s stock valued at $2,461,000 after purchasing an additional 1,522 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EMR. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com lowered 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 for the company in a research note on Thursday, August 8th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Up 0.5 %

Shares of NYSE:EMR traded up $0.57 during midday trading on Friday, hitting $108.84. 239,420 shares of the company’s stock traded hands, compared to its average volume of 2,675,609. The firm’s fifty day moving average price is $106.59 and its two-hundred day moving average price is $108.90. The company has a market cap of $62.33 billion, a PE ratio of 36.33, a P/E/G ratio of 1.67 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve 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.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal 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. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 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.