629 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Fairscale Capital LLC

Fairscale Capital LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 629 shares of the industrial products company’s stock, valued at approximately $75,000.

Several other institutional investors have also recently made changes to their positions in EMR. Security National Bank acquired a new position in shares of Emerson Electric during the 4th quarter worth about $29,000. Cape Investment Advisory Inc. grew its holdings in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth approximately $31,000. Burkett Financial Services LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.7 %

NYSE EMR opened at $105.16 on Monday. The business’s fifty day moving average is $107.04 and its 200-day moving average is $109.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. Emerson Electric’s payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EMR shares. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. 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 report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.29.

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.