Mathes Company Inc. Purchases 545 Shares of Emerson Electric Co. (NYSE:EMR)

Mathes Company Inc. lifted its position in Emerson Electric Co. (NYSE:EMR) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,870 shares of the industrial products company’s stock after buying an additional 545 shares during the period. Mathes Company Inc.’s holdings in Emerson Electric were worth $2,740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EMR. First Trust Advisors LP lifted its position in Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after acquiring an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Swedbank AB purchased a new stake in shares of Emerson Electric during the first quarter valued at $129,670,000. Clean Energy Transition LLP increased its holdings in Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after buying an additional 990,615 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Emerson Electric in the 2nd quarter worth about $61,304,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird upped their price objective on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $103.70 on Thursday. The firm’s 50 day simple moving average is $107.39 and its two-hundred day simple moving average is $109.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company has a market capitalization of $59.33 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.66 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.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Emerson Electric Company 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.