Dimensional Fund Advisors LP Purchases 355,106 Shares of Emerson Electric Co. (NYSE:EMR)

Dimensional Fund Advisors LP grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 17.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,358,796 shares of the industrial products company’s stock after buying an additional 355,106 shares during the quarter. Dimensional Fund Advisors LP owned 0.41% of Emerson Electric worth $259,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust Co. VA bought a new position in shares of Emerson Electric during the 1st quarter valued at $1,011,000. Exencial Wealth Advisors LLC raised its holdings in Emerson Electric by 17.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after purchasing an additional 7,358 shares during the period. SG Americas Securities LLC raised its holdings 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 worth $9,286,000 after purchasing an additional 53,003 shares during the period. Lloyd Advisory Services LLC. bought a new position in Emerson Electric in the 1st quarter worth $1,047,000. Finally, Farther Finance Advisors LLC raised its holdings in 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 period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 0.2 %

Shares of NYSE EMR opened at $103.70 on Thursday. The business’s 50 day moving average is $107.39 and its two-hundred day 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. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The stock has a market capitalization of $59.33 billion, a P/E ratio of 5.55, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.03%. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Robert W. Baird increased their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.29.

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.