Cambridge Investment Research Advisors Inc. Acquires 50,341 Shares of Emerson Electric Co. (NYSE:EMR)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 50.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,795 shares of the industrial products company’s stock after purchasing an additional 50,341 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Emerson Electric were worth $16,501,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its position in shares of Emerson Electric by 5.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 37,909 shares of the industrial products company’s stock valued at $3,690,000 after purchasing an additional 2,076 shares during the last quarter. Syon Capital LLC grew its holdings in Emerson Electric by 26.9% in the 4th quarter. Syon Capital LLC now owns 3,452 shares of the industrial products company’s stock valued at $336,000 after buying an additional 732 shares in the last quarter. Transcend Capital Advisors LLC increased its position in Emerson Electric by 7.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,006 shares of the industrial products company’s stock worth $390,000 after buying an additional 284 shares during the period. Sargent Investment Group LLC boosted its position in shares of Emerson Electric by 0.9% in the fourth quarter. Sargent Investment Group LLC now owns 21,844 shares of the industrial products company’s stock valued at $2,126,000 after acquiring an additional 185 shares during the period. Finally, Paradigm Financial Partners LLC grew its stake in shares of Emerson Electric by 1.1% in the fourth quarter. Paradigm Financial Partners LLC now owns 18,532 shares of the industrial products company’s stock valued at $1,804,000 after acquiring an additional 209 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho increased their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company cut their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Oppenheimer decreased their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $124.33.

Emerson Electric Stock Performance

NYSE EMR opened at $103.84 on Wednesday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The stock has a market cap of $59.41 billion, a PE ratio of 5.56, a PEG ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The firm’s fifty day moving average price is $109.73 and its two-hundred day moving average price is $109.95.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 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 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, equities analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

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.