Accredited Investors Inc. Acquires 117 Shares of Emerson Electric Co. (NYSE:EMR)

Accredited Investors Inc. boosted its position in Emerson Electric Co. (NYSE:EMR) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,409 shares of the industrial products company’s stock after purchasing an additional 117 shares during the period. Accredited Investors Inc.’s holdings in Emerson Electric were worth $376,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric in the fourth quarter valued at $35,000. Mackenzie Financial Corp lifted its holdings in shares of Emerson Electric by 10.4% during the fourth quarter. Mackenzie Financial Corp now owns 56,843 shares of the industrial products company’s stock valued at $5,533,000 after purchasing an additional 5,369 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Emerson Electric by 86.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 967 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 448 shares during the last quarter. Twin Capital Management Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $467,000. Finally, Cambridge Trust Co. increased its position in shares of Emerson Electric by 5.0% during the fourth quarter. Cambridge Trust Co. now owns 17,777 shares of the industrial products company’s stock valued at $1,730,000 after acquiring an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.7 %

EMR stock traded up $0.75 during mid-day trading on Monday, reaching $103.84. The company had a trading volume of 1,761,761 shares, compared to its average volume of 2,697,579. 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 company has a market capitalization of $59.41 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The firm has a 50 day moving average of $110.08 and a 200 day moving average of $109.72. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.02%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Robert W. Baird boosted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Barclays decreased their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. 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. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $124.33.

About Emerson Electric

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.