Benjamin F. Edwards & Company Inc. Purchases 3,715 Shares of Emerson Electric Co. (NYSE:EMR)

Benjamin F. Edwards & Company Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,043 shares of the industrial products company’s stock after purchasing an additional 3,715 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Emerson Electric were worth $3,420,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American National Bank & Trust Co. VA bought a new stake in shares of Emerson Electric in the first quarter worth about $1,011,000. Exencial Wealth Advisors LLC raised its holdings in Emerson Electric by 17.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after buying an additional 7,358 shares during the period. SG Americas Securities LLC lifted its stake in Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after buying an additional 53,003 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Emerson Electric during the first quarter worth $1,047,000. Finally, Farther Finance Advisors LLC lifted its position in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $105.16 on Friday. The company has a market cap of $60.16 billion, a P/E ratio of 5.63, a P/E/G ratio of 1.66 and a beta of 1.30. The firm’s fifty day moving average price is $107.04 and its two-hundred day moving average price is $109.45. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Oppenheimer reduced their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird lifted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Finally, Royal Bank of Canada lowered their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

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.