Capital Market Strategies LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

Capital Market Strategies LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,076 shares of the industrial products company’s stock after purchasing an additional 158 shares during the period. Capital Market Strategies LLC’s holdings in Emerson Electric were worth $446,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Apella Capital LLC lifted its position in shares of Emerson Electric by 14.0% during the 3rd quarter. Apella Capital LLC now owns 4,754 shares of the industrial products company’s stock valued at $525,000 after buying an additional 585 shares in the last quarter. Canandaigua National Bank & Trust Co. lifted its holdings in Emerson Electric by 1.3% during the third quarter. Canandaigua National Bank & Trust Co. now owns 11,320 shares of the industrial products company’s stock valued at $1,238,000 after purchasing an additional 148 shares in the last quarter. Farmers Trust Co. grew its position in shares of Emerson Electric by 11.6% in the third quarter. Farmers Trust Co. now owns 3,061 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 317 shares during the period. SG Americas Securities LLC raised its position in shares of Emerson Electric by 97.2% during the 3rd quarter. SG Americas Securities LLC now owns 139,156 shares of the industrial products company’s stock worth $15,219,000 after purchasing an additional 68,599 shares during the last quarter. Finally, Czech National Bank raised its position in shares of Emerson Electric by 7.0% during the 3rd quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock worth $12,760,000 after purchasing an additional 7,646 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EMR. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company cut their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric Stock Performance

NYSE:EMR opened at $109.63 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market capitalization of $62.72 billion, a P/E ratio of 5.87, a PEG ratio of 1.74 and a beta of 1.30. The company has a 50 day moving average price of $105.48 and a 200 day moving average price of $109.32. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

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