51,065 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Charles Schwab Trust Co

Charles Schwab Trust Co acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,065 shares of the industrial products company’s stock, valued at approximately $5,585,000.

Several other large investors also recently added to or reduced their stakes in EMR. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the 1st quarter valued at about $31,000. Meeder Asset Management Inc. grew its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC purchased a new position in Emerson Electric during the 1st quarter valued at about $35,000. Rise Advisors LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $36,000. Finally, Versant Capital Management Inc grew its holdings in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on EMR shares. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada cut their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Trading Up 1.0 %

Shares of EMR traded up $1.08 during mid-day trading on Friday, hitting $111.96. 465,790 shares of the company’s stock traded hands, compared to its average volume of 2,717,635. The firm has a market capitalization of $64.12 billion, a P/E ratio of 37.21, a PEG ratio of 1.70 and a beta of 1.30. The business’s 50-day moving average price is $104.97 and its 200-day moving average price is $109.29. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio is currently 70.47%.

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.