Emerson Electric Co. (NYSE:EMR) Stock Position Raised by Creative Planning

Creative Planning lifted its position in Emerson Electric Co. (NYSE:EMR) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 181,939 shares of the industrial products company’s stock after acquiring an additional 6,051 shares during the quarter. Creative Planning’s holdings in Emerson Electric were worth $20,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Security National Bank acquired a new position in Emerson Electric in the 4th 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 holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Tributary Capital Management LLC bought a new position in shares of Emerson Electric during the 1st quarter worth about $35,000. Finally, Rise Advisors LLC bought a new position in shares of Emerson Electric during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Oppenheimer boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Stock Performance

NYSE EMR opened at $109.35 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $105.82 and its two-hundred day moving average price is $109.32. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm has a market capitalization of $62.56 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

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.