Welch & Forbes LLC Has $15.65 Million Stock Holdings in Emerson Electric Co. $EMR

Welch & Forbes LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% in the second quarter, Holdings Channel reports. The institutional investor owned 117,348 shares of the industrial products company’s stock after selling 3,548 shares during the period. Welch & Forbes LLC’s holdings in Emerson Electric were worth $15,646,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EMR. Brighton Jones LLC grew its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Emerson Electric in the first quarter worth $57,000. Teacher Retirement System of Texas lifted its position in Emerson Electric by 79.8% during the first quarter. Teacher Retirement System of Texas now owns 210,844 shares of the industrial products company’s stock worth $23,117,000 after purchasing an additional 93,598 shares during the period. Avantax Planning Partners Inc. grew its stake in Emerson Electric by 1.0% during the first quarter. Avantax Planning Partners Inc. now owns 10,548 shares of the industrial products company’s stock worth $1,156,000 after buying an additional 109 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in Emerson Electric by 8.0% in the 1st quarter. IFM Investors Pty Ltd now owns 122,658 shares of the industrial products company’s stock valued at $13,415,000 after buying an additional 9,108 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 2.2%

NYSE:EMR opened at $139.83 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. 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 company has a market cap 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 firm’s 50 day simple moving average is $132.26 and its 200 day simple moving average is $128.53.

Emerson Electric (NYSE:EMR) last released 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 net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. 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 payout ratio is 45.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMR. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Wolfe Research cut their target price on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. 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 research report on Tuesday, October 7th. Finally, Daiwa Capital Markets increased their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $148.28.

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.