North Point Portfolio Managers Corp OH Makes New Investment in Emerson Electric Co. $EMR

North Point Portfolio Managers Corp OH bought a new stake in Emerson Electric Co. (NYSE:EMR) during the second quarter, HoldingsChannel reports. The firm bought 1,778 shares of the industrial products company’s stock, valued at approximately $237,000.

A number of other institutional investors have also modified their holdings of EMR. Brighton Jones LLC raised its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Emerson Electric by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 1,479 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Emerson Electric by 4.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,124 shares of the industrial products company’s stock valued at $1,768,000 after purchasing an additional 758 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Emerson Electric by 16.8% in the 1st quarter. Blue Trust Inc. now owns 4,935 shares of the industrial products company’s stock valued at $541,000 after purchasing an additional 711 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Emerson Electric by 53.4% in the 1st quarter. Avior Wealth Management LLC now owns 4,280 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $129.34 on Monday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $72.79 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. The company has a 50-day moving average price of $131.93 and a two-hundred day moving average price of $126.07.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

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.