Creative Planning Has $20.20 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Creative Planning raised its holdings in Emerson Electric Co. (NYSE:EMR) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 184,707 shares of the industrial products company’s stock after buying an additional 2,768 shares during the quarter. Creative Planning’s holdings in Emerson Electric were worth $20,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its stake in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC bought a new stake in Emerson Electric in the 1st quarter valued at $35,000. Versant Capital Management Inc raised its stake in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in shares of Emerson Electric by 2,650.0% during the 1st quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.0 %

EMR opened at $110.41 on Tuesday. 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 stock has a market capitalization of $63.17 billion, a PE ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm has a 50-day moving average price of $105.80 and a two-hundred day moving average price of $109.13.

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, beating the consensus estimate 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Robert W. Baird raised their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Finally, StockNews.com cut shares of 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, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

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.