Morningstar Investment Services LLC Makes New $6.31 Million Investment in Emerson Electric Co. (NYSE:EMR)

Morningstar Investment Services LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, HoldingsChannel reports. The firm purchased 94,510 shares of the industrial products company’s stock, valued at approximately $6,306,000.

A number of other institutional investors have also recently bought and sold shares of EMR. Premia Global Advisors LLC increased its holdings in Emerson Electric by 120.7% in the 2nd quarter. Premia Global Advisors LLC now owns 8,908 shares of the industrial products company’s stock worth $594,000 after buying an additional 4,872 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Emerson Electric by 716.3% during the second quarter. Moneta Group Investment Advisors LLC now owns 74,996 shares of the industrial products company’s stock worth $504,000 after purchasing an additional 65,809 shares during the last quarter. MML Investors Services LLC lifted its position in Emerson Electric by 7.5% during the second quarter. MML Investors Services LLC now owns 43,398 shares of the industrial products company’s stock valued at $2,895,000 after purchasing an additional 3,035 shares during the period. Toronto Dominion Bank lifted its position in Emerson Electric by 18.8% during the second quarter. Toronto Dominion Bank now owns 554,180 shares of the industrial products company’s stock valued at $36,967,000 after purchasing an additional 87,713 shares during the period. Finally, Haverford Trust Co. boosted its holdings in Emerson Electric by 2.9% in the second quarter. Haverford Trust Co. now owns 751,355 shares of the industrial products company’s stock valued at $50,130,000 after purchasing an additional 21,202 shares during the last quarter. Institutional investors and hedge funds own 70.57% of the company’s stock.

A number of equities analysts have weighed in on EMR shares. Citigroup reduced their price objective on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective for the company. in a report on Tuesday, July 23rd. Morgan Stanley lowered their target price on Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Cowen reaffirmed a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a report on Friday, August 9th. Finally, Barclays reiterated a “hold” rating and set a $65.00 price target on shares of Emerson Electric in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $72.29.

EMR traded up $0.06 on Wednesday, reaching $64.87. The stock had a trading volume of 204,484 shares, compared to its average volume of 2,944,469. The business’s 50-day moving average price is $60.85 and its two-hundred day moving average price is $65.43. The company has a market cap of $39.65 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $79.70. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.94. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the company posted $1.12 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 3.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.02%. Emerson Electric’s dividend payout ratio is currently 57.99%.

In other Emerson Electric news, VP Bell Katherine Button sold 7,794 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $64.17, for a total value of $500,140.98. Following the sale, the vice president now directly owns 22,510 shares of the company’s stock, valued at $1,444,466.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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