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

Fidelis Capital Partners LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,312 shares of the industrial products company’s stock after buying an additional 283 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Emerson Electric were worth $805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Thrive Wealth Management LLC lifted its stake in shares of Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 91 shares during the period. LCM Capital Management Inc raised its position in shares of Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO lifted its position in shares of Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 93 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares in the last quarter. Finally, PFG Advisors lifted its stake in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after buying an additional 96 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on EMR shares. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Barclays decreased their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Robert W. Baird raised their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Price Performance

NYSE:EMR opened at $105.16 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock’s 50-day simple moving average is $107.04 and its 200 day simple moving average is $109.44. The company has a market cap of $60.16 billion, a P/E ratio of 5.63, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS 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 during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, August 16th. 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.