Carson Advisory Inc. Takes $223,000 Position in Emerson Electric Co. $EMR

Carson Advisory Inc. acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,676 shares of the industrial products company’s stock, valued at approximately $223,000.

Other hedge funds also recently made changes to their positions in the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $27,000. PFS Partners LLC lifted its holdings in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 288 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $139.83 on Friday. The stock has a market capitalization of $78.70 billion, a PE ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29. 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 business has a fifty day moving average price of $132.26 and a two-hundred day moving average price of $128.53. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

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. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Jefferies Financial Group dropped their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

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.