Dupont Capital Management Corp Has $10.04 Million Stake in Emerson Electric Co. $EMR

Dupont Capital Management Corp grew its holdings in Emerson Electric Co. (NYSE:EMR) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,328 shares of the industrial products company’s stock after buying an additional 10,464 shares during the period. Dupont Capital Management Corp’s holdings in Emerson Electric were worth $10,043,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EMR. Saudi Central Bank bought a new position in shares of Emerson Electric during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the first quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC increased its stake in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. bought a new position in shares of Emerson Electric during the first quarter worth approximately $36,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EMR shares. Jefferies Financial Group lowered their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. KeyCorp increased their target price 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 increased their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Finally, TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Trading Up 0.8%

Shares of EMR opened at $130.32 on Tuesday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business’s fifty day moving average is $131.90 and its 200-day moving average is $126.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $73.34 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.24 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion for the quarter. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 yield of 1.6%. Emerson Electric’s payout ratio is currently 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.