Catalyst Capital Advisors LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Catalyst Capital Advisors LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 396 shares of the industrial products company’s stock, valued at approximately $43,000.

A number of other hedge funds have also bought and sold shares of the business. Impax Asset Management Group plc raised its holdings in shares of Emerson Electric by 16.7% during the third quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock valued at $11,751,000 after purchasing an additional 15,340 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in Emerson Electric by 31.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 10,742 shares of the industrial products company’s stock worth $1,173,000 after purchasing an additional 2,582 shares during the period. Asset Management One Co. Ltd. grew its position in Emerson Electric by 19.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 266,556 shares of the industrial products company’s stock worth $29,153,000 after purchasing an additional 44,102 shares during the period. National Pension Service grew its position in Emerson Electric by 14.2% in the 3rd quarter. National Pension Service now owns 1,590,154 shares of the industrial products company’s stock worth $173,915,000 after purchasing an additional 197,865 shares during the period. Finally, Intact Investment Management Inc. grew its position in Emerson Electric by 4.5% in the 3rd quarter. Intact Investment Management Inc. now owns 74,290 shares of the industrial products company’s stock worth $8,125,000 after purchasing an additional 3,200 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $126.86 on Thursday. 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 firm has a fifty day moving average price of $107.50 and a 200 day moving average price of $109.05. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $127.74. The firm has a market cap of $72.65 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping 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 firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

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

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Barclays upped their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. 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 stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $127.65.

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.