Intech Investment Management LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Intech Investment Management LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 30.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,677 shares of the industrial products company’s stock after acquiring an additional 5,497 shares during the period. Intech Investment Management LLC’s holdings in Emerson Electric were worth $2,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Thrive Wealth Management LLC lifted its holdings in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares in the last quarter. LCM Capital Management Inc increased its holdings in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO raised its position in shares of Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after buying an additional 94 shares during the last quarter. Finally, PFG Advisors increased its stake in shares of Emerson Electric by 3.8% in the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMR. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Redburn Atlantic started coverage on shares of Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Wells Fargo & Company lowered their price objective 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. Finally, Barclays cut their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. 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. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $124.29.

Emerson Electric Stock Performance

EMR stock opened at $105.16 on Monday. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. 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 has a market cap of $60.16 billion, a PE ratio of 5.63, a P/E/G ratio of 1.66 and a beta of 1.30. The business’s 50-day moving average price is $107.04 and its two-hundred day moving average price is $109.44.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS 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 business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared 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 was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.00%. Emerson Electric’s dividend payout ratio is 11.24%.

Emerson Electric Company 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.