Advisor Resource Council Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Advisor Resource Council acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,405 shares of the industrial products company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Versant Capital Management Inc grew its stake in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric in the third quarter valued at $43,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays raised their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Stock Up 7.8 %

Shares of NYSE EMR opened at $126.86 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $72.65 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $127.74. The stock has a 50-day moving average price of $107.50 and a two-hundred day moving average price of $109.05.

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 firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is 70.47%.

About Emerson Electric

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.