Davis R M Inc. Acquires 615 Shares of Emerson Electric Co. (NYSE:EMR)

Davis R M Inc. grew its holdings in Emerson Electric Co. (NYSE:EMR) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,922 shares of the industrial products company’s stock after purchasing an additional 615 shares during the period. Davis R M Inc.’s holdings in Emerson Electric were worth $1,530,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich grew its stake in Emerson Electric by 94,950.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,464,073 shares of the industrial products company’s stock valued at $8,719,388,000 after acquiring an additional 96,362,586 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after purchasing an additional 54,365,954 shares during the period. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter worth $702,606,000. Morgan Stanley boosted its stake in Emerson Electric by 28.4% during the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock valued at $1,136,909,000 after buying an additional 2,621,089 shares during the period. Finally, Two Sigma Advisers LP increased its stake in Emerson Electric by 103.9% in the 1st quarter. Two Sigma Advisers LP now owns 3,045,900 shares of the industrial products company’s stock worth $265,420,000 after acquiring an additional 1,551,800 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.5 %

Shares of NYSE:EMR opened at $88.79 on Tuesday. The company has a market cap of $50.62 billion, a PE ratio of 3.87, a P/E/G ratio of 1.52 and a beta of 1.38. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $100.62. The stock’s 50-day moving average is $93.05 and its 200 day moving average is $90.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.35.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $1.53 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that Emerson Electric Co. will post 5.26 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $0.525 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 2.37%. Emerson Electric’s dividend payout ratio (DPR) is 9.08%.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of the stock in a transaction dated Friday, November 17th. The stock was bought at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the purchase, the chief executive officer now directly owns 148,542 shares in the company, valued at approximately $13,101,404.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the transaction, the chief marketing officer now owns 11,870 shares in the company, valued at $1,161,598.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $88.20 per share, for a total transaction of $882,000.00. Following the completion of the acquisition, the chief executive officer now owns 148,542 shares of the company’s stock, valued at $13,101,404.40. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, September 15th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup reduced their target price on Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Argus raised Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Monday, August 28th. Finally, Stephens decreased their price objective on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.11.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering 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.