Continental Investors Services Inc. Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Continental Investors Services Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,816 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other hedge funds have also modified their holdings of EMR. Standard Family Office LLC purchased a new position in shares of Emerson Electric during the third quarter worth about $119,000. Brown Advisory Inc. lifted its position in shares of Emerson Electric by 0.7% during the 2nd quarter. Brown Advisory Inc. now owns 188,867 shares of the industrial products company’s stock valued at $15,023,000 after acquiring an additional 1,265 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $284,000. RFG Advisory LLC lifted its position in shares of Emerson Electric by 5.2% during the 3rd quarter. RFG Advisory LLC now owns 9,801 shares of the industrial products company’s stock valued at $894,000 after acquiring an additional 486 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of Emerson Electric by 5.5% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 3,278 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 170 shares during the period. 71.64% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $81.92 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. Emerson Electric Co. has a fifty-two week low of $72.40 and a fifty-two week high of $100.00. The firm has a 50-day simple moving average of $87.89 and a 200 day simple moving average of $87.64. The company has a market cap of $46.81 billion, a PE ratio of 10.40, a P/E/G ratio of 2.37 and a beta of 1.39.

Emerson Electric (NYSE:EMR – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $1.05 EPS. Emerson Electric’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 4.07 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.54%. The ex-dividend date was Thursday, February 16th. Emerson Electric’s dividend payout ratio (DPR) is 26.40%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EMR shares. Mizuho lifted their price target on shares of Emerson Electric from $86.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, November 30th. StockNews.com began coverage on Emerson Electric in a research report on Thursday. They set a “hold” rating for the company. TheStreet downgraded Emerson Electric from a “b+” rating to a “c+” rating in a research report on Wednesday, February 8th. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $100.00 to $97.00 in a research report on Monday, March 6th. Finally, Royal Bank of Canada cut their price objective on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, February 9th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Hold” and an average target price of $98.43.

Emerson Electric Company Profile

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.