Emerson Electric Co. (NYSE:EMR) Shares Purchased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR – Get Rating) by 10.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,480 shares of the industrial products company’s stock after purchasing an additional 414 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Emerson Electric were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Emerson Electric by 0.6% during the fourth quarter. State Street Corp now owns 26,481,303 shares of the industrial products company’s stock valued at $2,461,967,000 after acquiring an additional 146,568 shares during the period. Geode Capital Management LLC grew its position in Emerson Electric by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 9,938,655 shares of the industrial products company’s stock valued at $921,311,000 after acquiring an additional 303,487 shares during the period. Charles Schwab Investment Management Inc. grew its position in Emerson Electric by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,996,841 shares of the industrial products company’s stock valued at $836,436,000 after acquiring an additional 325,803 shares during the period. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter valued at about $558,176,000. Finally, Stifel Financial Corp grew its position in Emerson Electric by 1.0% during the fourth quarter. Stifel Financial Corp now owns 4,533,149 shares of the industrial products company’s stock valued at $421,450,000 after acquiring an additional 43,532 shares during the period. Hedge funds and other institutional investors own 73.50% of the company’s stock.

Emerson Electric Trading Up 0.9 %

Shares of NYSE EMR opened at $90.39 on Friday. The stock’s 50 day moving average price is $84.02 and its two-hundred day moving average price is $89.58. Emerson Electric Co. has a 52-week low of $76.16 and a 52-week high of $105.99. The stock has a market capitalization of $53.69 billion, a P/E ratio of 18.91, a PEG ratio of 2.09 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77.

Emerson Electric (NYSE:EMR – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.11. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Emerson Electric’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric Co. will post 5.05 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, August 11th. Emerson Electric’s payout ratio is 43.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EMR. Morgan Stanley decreased their target price on Emerson Electric from $101.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft decreased their target price on Emerson Electric from $110.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Mizuho decreased their target price on Emerson Electric from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, July 18th. Credit Suisse Group set a $107.00 target price on Emerson Electric in a research report on Tuesday, July 19th. Finally, Wells Fargo & Company increased their price target on Emerson Electric from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Tuesday, July 12th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.