TI Trust Inc. Purchases 393 Shares of Emerson Electric Co. $EMR

TI Trust Inc. boosted its position in Emerson Electric Co. (NYSE:EMR) by 3.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,605 shares of the industrial products company’s stock after purchasing an additional 393 shares during the quarter. Emerson Electric makes up approximately 1.2% of TI Trust Inc.’s investment portfolio, making the stock its 21st largest holding. TI Trust Inc.’s holdings in Emerson Electric were worth $1,814,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EMR. Wellington Management Group LLP grew its stake in shares of Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Emerson Electric by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after acquiring an additional 611,105 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Emerson Electric by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after acquiring an additional 579,653 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EMR shares. Daiwa Capital Markets boosted their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. 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 research report on Wednesday, July 2nd. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Trading Down 2.5%

Emerson Electric stock opened at $131.40 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock’s 50 day simple moving average is $133.51 and its two-hundred day simple moving average is $124.93. The firm has a market cap of $73.95 billion, a PE ratio of 28.26, a P/E/G ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for 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 business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

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.