MCF Advisors LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

MCF Advisors LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3,973.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,059 shares of the industrial products company’s stock after buying an additional 1,033 shares during the quarter. MCF Advisors LLC’s holdings in Emerson Electric were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EMR. Wagner Wealth Management LLC bought a new stake in Emerson Electric during the 1st quarter valued at $25,000. Simon Quick Advisors LLC raised its holdings in Emerson Electric by 66.8% in the 1st quarter. Simon Quick Advisors LLC now owns 312 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Emerson Electric in the 2nd quarter worth $28,000. Certified Advisory Corp bought a new position in Emerson Electric in the 1st quarter worth $35,000. Finally, Robbins Farley LLC bought a new position in Emerson Electric in the 1st quarter worth $47,000. Institutional investors own 72.67% of the company’s stock.

NYSE EMR opened at $97.65 on Wednesday. Emerson Electric Co. has a 12 month low of $63.16 and a 12 month high of $105.99. The stock has a market cap of $58.38 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.42 and a beta of 1.54. The company’s 50 day moving average is $100.94 and its two-hundred day moving average is $95.86. The company has a current ratio of 1.31, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.11. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Emerson Electric had a net margin of 13.20% and a return on equity of 26.77%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Sell-side analysts forecast that Emerson Electric Co. will post 4.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, August 12th. Emerson Electric’s dividend payout ratio (DPR) is presently 58.38%.

Several research analysts have commented on EMR shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $103.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 14th. Cowen reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Tuesday, August 31st. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, August 12th. Morgan Stanley upped their target price on shares of Emerson Electric from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 5th. Finally, Credit Suisse Group upped their target price on shares of Emerson Electric from $103.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $99.95.

In related news, VP Bell Katherine Button sold 12,850 shares of the firm’s stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $101.21, for a total value of $1,300,548.50. Following the completion of the transaction, the vice president now directly owns 27,659 shares of the company’s stock, valued at $2,799,367.39. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

See Also: Conference Calls

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)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.