Emerson Electric Co. (NYSE:EMR) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its position in Emerson Electric Co. (NYSE:EMR – Get Rating) by 17.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,096 shares of the industrial products company’s stock after purchasing an additional 606 shares during the period. Sunbelt Securities Inc.’s holdings in Emerson Electric were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Vanguard Group Inc. raised its position in shares of Emerson Electric by 1.1% in the third quarter. Vanguard Group Inc. now owns 55,082,431 shares of the industrial products company’s stock valued at $4,033,135,000 after buying an additional 608,736 shares during the last quarter. State Street Corp lifted its stake in shares of Emerson Electric by 1.2% during the 3rd quarter. State Street Corp now owns 25,667,712 shares of the industrial products company’s stock worth $1,879,390,000 after purchasing an additional 302,077 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Emerson Electric by 18.1% during the third quarter. Nordea Investment Management AB now owns 5,126,275 shares of the industrial products company’s stock worth $381,138,000 after purchasing an additional 784,453 shares during the last quarter. FMR LLC grew its position in shares of Emerson Electric by 35.5% in the second quarter. FMR LLC now owns 4,227,845 shares of the industrial products company’s stock valued at $336,283,000 after purchasing an additional 1,108,075 shares during the period. Finally, Deutsche Bank AG lifted its position in Emerson Electric by 52.0% during the second quarter. Deutsche Bank AG now owns 3,170,894 shares of the industrial products company’s stock worth $252,213,000 after buying an additional 1,084,478 shares during the period. 71.64% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 1.3 %

NYSE EMR opened at $80.84 on Friday. The stock has a market cap of $46.19 billion, a PE ratio of 10.26, a P/E/G ratio of 2.40 and a beta of 1.39. The business has a 50 day moving average price of $87.55 and a two-hundred day moving average price of $87.62. Emerson Electric Co. has a fifty-two week low of $72.40 and a fifty-two week high of $100.00. 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 (NYSE:EMR – Get Rating) last released its quarterly earnings results 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 firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business posted $1.05 earnings per share. Emerson Electric’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 4.07 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 17th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 16th. Emerson Electric’s dividend payout ratio is currently 26.40%.

Analyst Ratings Changes

A number of research analysts have recently commented on EMR shares. TheStreet downgraded shares of Emerson Electric from a “b+” rating to a “c+” rating in a research note on Wednesday, February 8th. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $100.00 to $97.00 in a report on Monday, March 6th. Cowen lowered their price target on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, February 21st. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 30th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Hold” and an average target price of $98.43.

Emerson Electric 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.