Whitnell & Co. Purchases 4,800 Shares of Emerson Electric Co. (NYSE:EMR)

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Whitnell & Co. raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 82.1% during the third quarter, HoldingsChannel reports. The fund owned 10,650 shares of the industrial products company’s stock after acquiring an additional 4,800 shares during the quarter. Whitnell & Co.’s holdings in Emerson Electric were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EMR. Nuveen Asset Management LLC increased its position in Emerson Electric by 8,529.0% during the second quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock valued at $154,428,000 after acquiring an additional 2,287,747 shares during the last quarter. Longview Partners Guernsey LTD increased its position in Emerson Electric by 13.7% during the second quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock valued at $1,125,164,000 after acquiring an additional 2,034,380 shares during the last quarter. Morgan Stanley increased its position in Emerson Electric by 41.3% during the second quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock valued at $435,968,000 after acquiring an additional 1,909,769 shares during the last quarter. Senator Investment Group LP bought a new position in Emerson Electric during the second quarter valued at $86,736,000. Finally, Jensen Investment Management Inc. increased its position in Emerson Electric by 23.7% during the second quarter. Jensen Investment Management Inc. now owns 3,490,998 shares of the industrial products company’s stock valued at $232,919,000 after acquiring an additional 667,979 shares during the last quarter. Institutional investors and hedge funds own 70.32% of the company’s stock.

A number of research analysts have weighed in on the stock. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $77.00 in a research report on Monday, September 30th. Deutsche Bank cut their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a research report on Tuesday, July 23rd. Credit Suisse Group boosted their target price on shares of Emerson Electric from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Emerson Electric from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $73.00.

Shares of EMR traded up $0.09 during trading hours on Friday, reaching $73.88. 2,186,068 shares of the company traded hands, compared to its average volume of 3,242,199. The firm has a market cap of $45.39 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.52 and a beta of 1.37. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $75.54. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is $67.96 and its 200 day moving average price is $64.99.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.07. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. On average, research analysts forecast that Emerson Electric Co. will post 3.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s dividend payout ratio is currently 53.12%.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: What is channel trading?

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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