Waycross Partners LLC Has $16.64 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Waycross Partners LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 151,083 shares of the industrial products company’s stock after acquiring an additional 17,567 shares during the quarter. Emerson Electric accounts for 2.6% of Waycross Partners LLC’s holdings, making the stock its 14th largest position. Waycross Partners LLC’s holdings in Emerson Electric were worth $16,643,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank & Trust Co. VA acquired a new stake in Emerson Electric during the first quarter worth $1,011,000. Exencial Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 17.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after acquiring an additional 7,358 shares during the period. SG Americas Securities LLC increased its stake in Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after acquiring an additional 53,003 shares during the period. Lloyd Advisory Services LLC. acquired a new position in Emerson Electric in the first quarter worth about $1,047,000. Finally, Farther Finance Advisors LLC boosted its holdings in Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. Oppenheimer cut their target price on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $102.03 on Monday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The company has a market capitalization of $58.37 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $107.81 and its 200 day simple moving average is $109.60.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is presently 11.24%.

Emerson Electric Profile

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.