Sanctuary Advisors LLC Invests $22.15 Million in Emerson Electric Co. (NYSE:EMR)

Sanctuary Advisors LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 201,532 shares of the industrial products company’s stock, valued at approximately $22,146,000.

A number of other large investors have also added to or reduced their stakes in EMR. Aurora Investment Counsel raised its position in shares of Emerson Electric by 0.9% during the 2nd quarter. Aurora Investment Counsel now owns 19,881 shares of the industrial products company’s stock valued at $2,190,000 after buying an additional 176 shares in the last quarter. Cetera Investment Advisers increased its stake in Emerson Electric by 17.6% during the second quarter. Cetera Investment Advisers now owns 229,476 shares of the industrial products company’s stock worth $25,279,000 after acquiring an additional 34,381 shares during the last quarter. Truist Financial Corp raised its position in Emerson Electric by 9.5% during the second quarter. Truist Financial Corp now owns 977,435 shares of the industrial products company’s stock valued at $107,674,000 after purchasing an additional 85,083 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Emerson Electric by 1.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 18,664 shares of the industrial products company’s stock valued at $2,050,000 after purchasing an additional 194 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in shares of Emerson Electric by 200.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 20,983 shares of the industrial products company’s stock valued at $2,312,000 after purchasing an additional 14,009 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Oppenheimer boosted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Stock Performance

Shares of EMR stock opened at $110.47 on Thursday. The company’s 50 day moving average is $105.58 and its 200 day moving average is $109.32. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $63.20 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

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 firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

About Emerson Electric

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.