Stablepoint Partners LLC Acquires Shares of 1,891 Emerson Electric Co. $EMR

Stablepoint Partners LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,891 shares of the industrial products company’s stock, valued at approximately $252,000.

A number of other large investors have also added to or reduced their stakes in the business. Saudi Central Bank bought a new position in Emerson Electric during the first quarter worth $25,000. Winnow Wealth LLC bought a new position in shares of Emerson Electric in the second quarter valued at about $34,000. PFS Partners LLC lifted its stake in shares of 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 buying an additional 108 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Emerson Electric during the 2nd quarter worth about $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in Emerson Electric in the 2nd quarter valued at about $38,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EMR. Daiwa Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Barclays increased their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Wolfe Research boosted their price target on Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $148.13.

Emerson Electric Price Performance

EMR stock opened at $134.03 on Friday. The company’s 50-day moving average price is $131.35 and its two-hundred day moving average price is $131.91. The firm has a market cap of $75.30 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR) last posted 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 business had revenue of $3.16 billion for the quarter. On average, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is 54.95%.

Emerson Electric declared that its Board of Directors has approved a stock buyback program on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.