Emerson Electric Co. $EMR Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 81,793 shares of the industrial products company’s stock after purchasing an additional 565 shares during the quarter. Advisors Capital Management LLC’s holdings in Emerson Electric were worth $8,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Saudi Central Bank bought a new position in shares of Emerson Electric during the first quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EMR shares. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.39.

Emerson Electric Stock Performance

Shares of EMR stock opened at $137.66 on Friday. The business has a 50 day simple moving average of $137.43 and a 200 day simple moving average of $122.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market capitalization of $77.48 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.60 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.43 EPS. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is 45.38%.

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.