Vest Financial LLC Acquires 5,969 Shares of Emerson Electric Co. (NYSE:EMR)

Vest Financial LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397,957 shares of the industrial products company’s stock after purchasing an additional 5,969 shares during the quarter. Vest Financial LLC owned 0.07% of Emerson Electric worth $43,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. lifted its stake in shares of Emerson Electric by 4.8% in the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 199 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in Emerson Electric by 12.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock worth $619,000 after buying an additional 722 shares during the last quarter. Principal Securities Inc. purchased a new position in Emerson Electric during the fourth quarter worth $505,000. Dimensional Fund Advisors LP raised its stake in shares of Emerson Electric by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,976,570 shares of the industrial products company’s stock valued at $192,376,000 after acquiring an additional 277,636 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Emerson Electric by 3.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,691 shares of the industrial products company’s stock worth $2,111,000 after acquiring an additional 689 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. Oppenheimer cut their price target on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Robert W. Baird increased their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Barclays dropped their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Trading Up 0.8 %

Shares of NYSE EMR opened at $99.90 on Thursday. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The business has a fifty day moving average price of $108.12 and a 200 day moving average price of $109.64. The stock has a market capitalization of $57.15 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business earned $1.29 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric’s payout ratio is 11.24%.

Emerson Electric Company 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.