Sara Bay Financial Has $2.64 Million Stake in Emerson Electric Co. (NYSE:EMR)

Sara Bay Financial boosted its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,146 shares of the industrial products company’s stock after purchasing an additional 357 shares during the period. Emerson Electric comprises approximately 1.1% of Sara Bay Financial’s investment portfolio, making the stock its 15th biggest position. Sara Bay Financial’s holdings in Emerson Electric were worth $2,641,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EMR. Security National Bank bought a new stake in Emerson Electric during the fourth quarter valued at $29,000. Logan Capital Management Inc. boosted its position in shares of Emerson Electric by 1.4% during the 4th quarter. Logan Capital Management Inc. now owns 45,624 shares of the industrial products company’s stock worth $4,441,000 after purchasing an additional 640 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Emerson Electric by 4.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 49,896 shares of the industrial products company’s stock worth $4,856,000 after purchasing an additional 2,064 shares in the last quarter. XML Financial LLC boosted its position in shares of Emerson Electric by 1.3% during the 4th quarter. XML Financial LLC now owns 38,139 shares of the industrial products company’s stock worth $3,712,000 after purchasing an additional 495 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its position in shares of Emerson Electric by 1.0% during the 4th quarter. Visionary Wealth Advisors now owns 38,833 shares of the industrial products company’s stock worth $3,780,000 after purchasing an additional 398 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EMR shares. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. Royal Bank of Canada dropped their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Robert W. Baird raised their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.59.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.06 during trading hours on Monday, hitting $112.50. 2,775,533 shares of the company were exchanged, compared to its average volume of 2,741,764. The firm has a fifty day simple moving average of $105.37 and a 200 day simple moving average of $109.29. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The stock has a market capitalization of $64.36 billion, a price-to-earnings ratio of 6.02, a P/E/G ratio of 1.74 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business posted $1.29 EPS. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.87%. Emerson Electric’s payout ratio is 11.24%.

Emerson Electric Company 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.