J.W. Cole Advisors Inc. Has $406,000 Holdings in Emerson Electric Co. (NYSE:EMR)

J.W. Cole Advisors Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 12.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,145 shares of the industrial products company’s stock after purchasing an additional 452 shares during the period. J.W. Cole Advisors Inc.’s holdings in Emerson Electric were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Gibson Wealth Advisors LLC bought a new stake in Emerson Electric during the 4th quarter worth approximately $37,000. California State Teachers Retirement System lifted its holdings in shares of Emerson Electric by 3.7% during the fourth quarter. California State Teachers Retirement System now owns 1,082,820 shares of the industrial products company’s stock worth $100,670,000 after buying an additional 38,949 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Emerson Electric by 8.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 6,862 shares of the industrial products company’s stock worth $673,000 after buying an additional 550 shares in the last quarter. Stonnington Group LLC increased its position in shares of Emerson Electric by 4.4% in the first quarter. Stonnington Group LLC now owns 44,577 shares of the industrial products company’s stock worth $4,154,000 after purchasing an additional 1,865 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Emerson Electric by 6.8% in the first quarter. Advisory Services Network LLC now owns 28,343 shares of the industrial products company’s stock worth $2,780,000 after purchasing an additional 1,795 shares during the period. 72.75% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR opened at $79.60 on Tuesday. Emerson Electric Co. has a 52-week low of $76.16 and a 52-week high of $100.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06. The business’s 50 day moving average price is $84.88 and its two-hundred day moving average price is $87.76. The firm has a market cap of $47.07 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.42.

Emerson Electric (NYSE:EMRGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Co. will post 5.11 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Thursday, August 11th. Emerson Electric’s payout ratio is 39.02%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EMR shares. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Citigroup raised their price target on Emerson Electric to $99.00 in a research report on Monday, August 15th. Wells Fargo & Company lifted their target price on Emerson Electric from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 12th. Mizuho lifted their target price on Emerson Electric from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Finally, Sanford C. Bernstein decreased their target price on Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating on the stock in a research report on Wednesday, August 17th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.77.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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