Emerson Electric Co. (NYSE:EMR) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 22.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,287 shares of the industrial products company’s stock after acquiring an additional 4,810 shares during the period. Ieq Capital LLC’s holdings in Emerson Electric were worth $2,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 9.3% in the second quarter. Brighton Jones LLC now owns 6,555 shares of the industrial products company’s stock valued at $722,000 after buying an additional 560 shares during the last quarter. Intech Investment Management LLC raised its stake in Emerson Electric by 30.2% during the 2nd quarter. Intech Investment Management LLC now owns 23,677 shares of the industrial products company’s stock valued at $2,608,000 after acquiring an additional 5,497 shares during the last quarter. Resolute Capital Asset Partners LLC lifted its position in Emerson Electric by 16.7% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 35,000 shares of the industrial products company’s stock worth $3,856,000 after acquiring an additional 5,000 shares during the period. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Emerson Electric by 14.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,147 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 147 shares during the period. Finally, Mathes Company Inc. lifted its holdings in shares of Emerson Electric by 2.2% during the second quarter. Mathes Company Inc. now owns 24,870 shares of the industrial products company’s stock worth $2,740,000 after purchasing an additional 545 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. Barclays cut their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

Emerson Electric Stock Performance

Emerson Electric stock opened at $105.16 on Friday. 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 fifty-two week low of $83.10 and a fifty-two week high of $119.53. The stock has a fifty day moving average of $107.04 and a two-hundred day moving average of $109.45. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results 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 company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. On average, analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.00%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.