Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Invests $1.21 Million in Emerson Electric Co. $EMR

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 9,100 shares of the industrial products company’s stock, valued at approximately $1,213,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Impact Capital Partners LLC boosted its stake in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC grew its holdings in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after acquiring an additional 72 shares during the period. Beacon Financial Advisory LLC raised its position in shares of Emerson Electric by 2.9% in the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 77 shares in the last quarter. Finally, Petros Family Wealth LLC lifted its stake in shares of Emerson Electric by 0.9% in the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after purchasing an additional 80 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR stock opened at $135.87 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $131.84 and a two-hundred day simple moving average of $132.66. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market capitalization of $76.40 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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 12.73% and a return on equity of 15.87%. The firm had revenue of $3.16 billion during the quarter. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its board has initiated a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. 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 dividend payout ratio (DPR) is currently 54.95%.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group lowered their price objective on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company 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. Daiwa Capital Markets raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $147.67.

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.