Emerson Electric Co. $EMR Shares Acquired by Orca Investment Management LLC

Orca Investment Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,190 shares of the industrial products company’s stock after acquiring an additional 81 shares during the quarter. Orca Investment Management LLC’s holdings in Emerson Electric were worth $559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Nuveen LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $737,318,000. Pacer Advisors Inc. lifted its stake in shares of Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Emerson Electric by 218.7% in the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after purchasing an additional 1,693,999 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after purchasing an additional 1,333,839 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $125.99 on Friday. The business’s 50 day moving average is $132.66 and its two-hundred day moving average is $125.25. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm has a market cap of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (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 for the quarter. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm 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 dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analyst Ratings Changes

Several research firms recently commented on EMR. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.29.

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.