Centerpoint Advisory Group Purchases Shares of 1,604 Emerson Electric Co. $EMR

Centerpoint Advisory Group purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,604 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after purchasing an additional 980,652 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after buying an additional 1,499,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after buying an additional 611,105 shares during the period. Nuveen LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Emerson Electric by 5.8% in the 1st 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 valued at $448,053,000 after buying an additional 223,831 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $132.42 on Thursday. The stock has a market capitalization of $74.53 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month 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 50-day moving average of $132.48 and a 200 day moving average of $129.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 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 during the quarter. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric announced that its board has approved a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.555 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. Jefferies Financial Group decreased 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. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus 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.