Emerson Electric Co. (NYSE:EMR) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 22,000.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,641 shares of the industrial products company’s stock after purchasing an additional 4,620 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Emerson Electric were worth $511,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Ensign Peak Advisors Inc raised its stake in Emerson Electric by 4.9% during the second quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock worth $5,918,000 after acquiring an additional 2,485 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Emerson Electric by 3.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 18,218 shares of the industrial products company’s stock worth $2,007,000 after purchasing an additional 684 shares during the period. Chesapeake Wealth Management lifted its holdings in shares of Emerson Electric by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Emerson Electric by 2.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,003 shares of the industrial products company’s stock valued at $3,746,000 after purchasing an additional 962 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Emerson Electric by 1.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after buying an additional 347 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.1 %

EMR stock opened at $105.03 on Tuesday. The firm has a market cap of $60.09 billion, a PE ratio of 5.62, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. 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 firm has a 50 day simple moving average of $106.80 and a 200 day simple moving average of $109.41.

Emerson Electric (NYSE:EMR) last released 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. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.29 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird upped their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Wells Fargo & Company cut their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reduced their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.