Eldred Rock Partners LLC Purchases 3,750 Shares of Emerson Electric Co. (NYSE:EMR)

Eldred Rock Partners LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,072 shares of the industrial products company’s stock after acquiring an additional 3,750 shares during the quarter. Emerson Electric accounts for approximately 3.3% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 19th biggest position. Eldred Rock Partners LLC’s holdings in Emerson Electric were worth $9,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Rafferty Asset Management LLC boosted its stake in shares of Emerson Electric by 5.2% in the fourth quarter. Rafferty Asset Management LLC now owns 47,822 shares of the industrial products company’s stock valued at $4,655,000 after buying an additional 2,372 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Emerson Electric by 166.1% during the 4th quarter. 1832 Asset Management L.P. now owns 58,255 shares of the industrial products company’s stock valued at $5,670,000 after acquiring an additional 36,360 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Emerson Electric by 1,630.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,331 shares of the industrial products company’s stock worth $8,305,000 after purchasing an additional 80,399 shares during the period. Cibc World Markets Corp raised its stake in Emerson Electric by 132.8% in the fourth quarter. Cibc World Markets Corp now owns 73,418 shares of the industrial products company’s stock valued at $7,146,000 after purchasing an additional 41,875 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Emerson Electric by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,339,159 shares of the industrial products company’s stock worth $130,340,000 after purchasing an additional 31,770 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on EMR. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Barclays reduced their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric Trading Up 1.7 %

EMR traded up $1.81 during midday trading on Friday, hitting $111.44. 2,082,847 shares of the company were exchanged, compared to its average volume of 2,741,585. The firm has a market capitalization of $63.75 billion, a P/E ratio of 5.96, a P/E/G ratio of 1.74 and a beta of 1.30. The firm’s 50 day moving average price is $105.37 and its 200-day moving average price is $109.32. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 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.