Emerson Electric Co. (NYSE:EMR) Shares Acquired by Cetera Advisors LLC

Cetera Advisors LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 24.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,057 shares of the industrial products company’s stock after acquiring an additional 13,434 shares during the quarter. Cetera Advisors LLC’s holdings in Emerson Electric were worth $7,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Emerson Electric by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after acquiring an additional 62,105 shares during the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $764,604,000. Charles Schwab Investment Management Inc. increased its position in shares of Emerson Electric by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock worth $308,934,000 after purchasing an additional 60,990 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after purchasing an additional 1,786,583 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 3.4 %

Shares of Emerson Electric stock traded down $3.88 on Friday, reaching $109.21. 3,194,669 shares of the company were exchanged, compared to its average volume of 2,268,351. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a market cap of $62.48 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The stock’s 50 day moving average price is $111.33 and its 200-day moving average price is $108.88.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. As a group, equities analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Citigroup raised their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Loop Capital raised their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Mizuho boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

Emerson Electric Profile

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.