Cadinha & Co. LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Cadinha & Co. LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 25.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,433 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Cadinha & Co. LLC’s holdings in Emerson Electric were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank & Trust Co. VA bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $1,011,000. SG Americas Securities LLC lifted its holdings in shares of 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 worth $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $1,047,000. Farther Finance Advisors LLC lifted its holdings in shares of Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $4,188,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.2 %

Shares of Emerson Electric stock traded up $0.19 during midday trading on Thursday, hitting $111.07. The company’s stock had a trading volume of 250,977 shares, compared to its average volume of 2,720,628. The firm has a market capitalization of $63.54 billion, a P/E ratio of 5.93, a PEG ratio of 1.74 and a beta of 1.30. The stock has a 50-day simple moving average of $105.02 and a 200-day simple moving average of $109.28. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.41% and a net margin of 10.12%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.89%. Emerson Electric’s payout ratio is 11.24%.

Analyst Ratings Changes

EMR has been the topic of several analyst reports. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Wells Fargo & Company lowered their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.