Jmac Enterprises LLC Purchases 2,200 Shares of Emerson Electric Co. (NYSE:EMR)

Jmac Enterprises LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 36.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,300 shares of the industrial products company’s stock after acquiring an additional 2,200 shares during the quarter. Jmac Enterprises LLC’s holdings in Emerson Electric were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. SG Americas Securities LLC increased its stake in shares of 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 worth $9,286,000 after purchasing an additional 53,003 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after buying an additional 3,060 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in Emerson Electric by 122.4% in the 1st quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock worth $2,129,000 after buying an additional 10,333 shares during the period. Bank of Montreal Can raised its holdings in Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after acquiring an additional 194,944 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after acquiring an additional 5,416 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.1 %

NYSE EMR opened at $126.70 on Thursday. The stock has a 50-day moving average of $107.50 and a 200-day moving average of $109.05. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $84.61 and a 1-year high of $127.74. The firm has a market cap of $72.56 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

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

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.67%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is 70.47%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EMR. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays raised their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Company 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.