Chapin Davis Inc. Has $1.94 Million Position in Emerson Electric Co. (NYSE:EMR)

Chapin Davis Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,723 shares of the industrial products company’s stock after acquiring an additional 159 shares during the quarter. Chapin Davis Inc.’s holdings in Emerson Electric were worth $1,938,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EMR. American National Bank & Trust Co. VA acquired a new stake in Emerson Electric in the first quarter valued at about $1,011,000. SG Americas Securities LLC boosted its holdings in shares of Emerson Electric by 183.6% during the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after acquiring an additional 53,003 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Emerson Electric during the 1st quarter worth $1,047,000. Farther Finance Advisors LLC increased its holdings in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in shares of Emerson Electric during the first quarter valued at about $4,188,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.0 %

NYSE:EMR opened at $112.50 on Tuesday. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The firm has a 50-day moving average price of $105.37 and a two-hundred day moving average price of $109.29. 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 firm has a market cap of $64.36 billion, a price-to-earnings ratio of 6.02, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $1.29 earnings per share. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

EMR has been the subject of a number of research reports. Oppenheimer raised their price objective 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. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. 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. Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, Robert W. Baird lifted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.59.

About Emerson Electric

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.