IFP Advisors Inc Has $2.87 Million Stock Position in Emerson Electric Co. $EMR

IFP Advisors Inc reduced its position in Emerson Electric Co. (NYSE:EMR) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,550 shares of the industrial products company’s stock after selling 1,530 shares during the period. IFP Advisors Inc’s holdings in Emerson Electric were worth $2,873,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EMR. Saudi Central Bank bought a new position in shares of Emerson Electric in the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the 1st quarter worth $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric in the 1st quarter worth $28,000. Fourth Dimension Wealth LLC lifted its holdings in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. bought a new position in shares of Emerson Electric in the first quarter valued at approximately $36,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Daiwa Capital Markets raised their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Stock Performance

Shares of EMR opened at $125.99 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.29 and a beta of 1.29. The stock has a 50 day moving average of $132.66 and a 200 day moving average of $125.17. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.