Advocate Group LLC Has $7.45 Million Stake in Emerson Electric Co. (NYSE:EMR)

Advocate Group LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,132 shares of the industrial products company’s stock after purchasing an additional 2,140 shares during the quarter. Advocate Group LLC’s holdings in Emerson Electric were worth $7,452,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EMR. American National Bank & Trust Co. VA acquired a new position in Emerson Electric in the 1st quarter worth $1,011,000. SG Americas Securities LLC raised its position in Emerson Electric by 183.6% in the 1st 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 during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Emerson Electric in the 1st quarter valued at approximately $1,047,000. Farther Finance Advisors LLC grew its stake in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares in the last quarter. Finally, Norden Group LLC bought a new stake in shares of Emerson Electric in the first quarter worth $4,188,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.19 during trading hours on Thursday, reaching $110.69. 219,020 shares of the stock were exchanged, compared to its average volume of 2,720,465. The firm has a market capitalization of $63.33 billion, a price-to-earnings ratio of 5.93, a P/E/G ratio of 1.74 and a beta of 1.30. The stock’s fifty day simple moving average is $105.02 and its 200 day simple moving average is $109.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

Emerson Electric (NYSE:EMR) last posted its earnings results 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. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. Emerson Electric’s payout ratio is 11.24%.

Analyst Ratings Changes

A number of research analysts recently weighed in on EMR shares. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company dropped their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Robert W. Baird increased their price objective on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.59.

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.