Altrius Capital Management Inc lifted its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,324 shares of the industrial products company’s stock after buying an additional 536 shares during the quarter. Altrius Capital Management Inc’s holdings in Emerson Electric were worth $3,645,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $28,000. Resurgent Financial Advisors LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $32,000. Wolff Wiese Magana LLC raised its holdings in Emerson Electric by 122.7% during the second quarter. Wolff Wiese Magana LLC now owns 363 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Certified Advisory Corp purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $34,000. Finally, St. Johns Investment Management Company LLC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at $45,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on EMR shares. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $109.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Mizuho upped their target price on shares of Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Stephens dropped their price target on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, September 15th. Finally, Citigroup dropped their target price on Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.11.
Emerson Electric Price Performance
Emerson Electric stock traded down $0.29 during mid-day trading on Monday, hitting $88.98. 562,851 shares of the company were exchanged, compared to its average volume of 3,159,220. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.35. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $100.62. The business’s 50 day simple moving average is $93.28 and its two-hundred day simple moving average is $90.89. The company has a market capitalization of $50.73 billion, a P/E ratio of 3.89, a PEG ratio of 1.52 and a beta of 1.38.
Emerson Electric (NYSE:EMR – Get Free Report) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm posted $1.53 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 5.26 earnings per share for the current fiscal year.
Emerson Electric Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a $0.525 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s payout ratio is presently 9.08%.
Insiders Place Their Bets
In other news, CMO Vidya Ramnath sold 2,500 shares of Emerson Electric stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at $1,161,598.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the transaction, the chief marketing officer now directly owns 11,870 shares in the company, valued at approximately $1,161,598.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $88.20 per share, for a total transaction of $882,000.00. Following the purchase, the chief executive officer now owns 148,542 shares of the company’s stock, valued at $13,101,404.40. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering 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.
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