Point72 Asia Singapore Pte. Ltd. Purchases Shares of 3,816 Emerson Electric Co. (NYSE:EMR)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,816 shares of the industrial products company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Gilbert & Cook Inc. lifted its holdings in shares of Emerson Electric by 4.8% in the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after buying an additional 199 shares during the period. Gryphon Financial Partners LLC lifted its holdings in shares of Emerson Electric by 12.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock valued at $619,000 after buying an additional 722 shares during the period. Assetmark Inc. lifted its holdings in shares of Emerson Electric by 15.7% in the 4th quarter. Assetmark Inc. now owns 4,728 shares of the industrial products company’s stock valued at $460,000 after buying an additional 640 shares during the period. Congress Wealth Management LLC DE acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $338,000. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reduced their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Redburn Atlantic began coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Trading Down 1.8 %

Shares of Emerson Electric stock opened at $104.40 on Thursday. The firm has a market capitalization of $59.73 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week 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 stock has a 50 day moving average of $106.55 and a 200 day moving average of $109.38.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the business posted $1.29 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Emerson Electric Co. will post 5.48 earnings per share 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 2.01%. Emerson Electric’s dividend payout ratio is currently 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.