Emerson Electric Co. (NYSE:EMR) Shares Bought by Aurora Investment Counsel

Aurora Investment Counsel grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,881 shares of the industrial products company’s stock after purchasing an additional 176 shares during the period. Emerson Electric makes up about 1.3% of Aurora Investment Counsel’s portfolio, making the stock its 19th biggest holding. Aurora Investment Counsel’s holdings in Emerson Electric were worth $2,190,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Security National Bank acquired a new position in Emerson Electric during the 4th quarter valued at approximately $29,000. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric in the first quarter worth $35,000. Finally, Rise Advisors LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on EMR shares. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Trading Up 0.1 %

Shares of NYSE:EMR opened at $109.35 on Tuesday. The firm has a market capitalization of $62.56 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. The business’s 50 day moving average price is $105.82 and its 200-day moving average price is $109.32. 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 Co. has a 1 year low of $83.10 and a 1 year high of $119.53.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) 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 business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

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.