Northwestern Mutual Wealth Management Co. Purchases 10,994 Shares of Emerson Electric Co. (NYSE:EMR)

Northwestern Mutual Wealth Management Co. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 381,128 shares of the industrial products company’s stock after purchasing an additional 10,994 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Emerson Electric were worth $41,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% during 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. Tributary Capital Management LLC acquired a new position in shares of Emerson Electric in the first quarter valued at $35,000. Finally, Rise Advisors LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $36,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.3 %

Shares of EMR stock opened at $109.22 on Monday. 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 Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The company has a market cap of $62.48 billion, a PE ratio of 5.84, a P/E/G ratio of 1.74 and a beta of 1.30. The stock’s fifty day moving average price is $105.99 and its two-hundred day moving average price is $109.32.

Emerson Electric (NYSE:EMR) last issued its 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 firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 1.92%. Emerson Electric’s payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EMR shares. Wells Fargo & Company decreased their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada reduced their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.59.

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.