Bill Few Associates Inc. Purchases New Stake in Emerson Electric Co. $EMR

Bill Few Associates Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,809 shares of the industrial products company’s stock, valued at approximately $241,000.

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP grew its position in 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 during the period. JPMorgan Chase & Co. grew its position in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after purchasing an additional 611,105 shares during the period. Nuveen LLC purchased a new position in Emerson Electric during the 1st quarter worth $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Emerson Electric by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Emerson Electric by 18.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after acquiring an additional 579,653 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 4.2%

Shares of Emerson Electric stock opened at $125.99 on Monday. The stock’s 50-day simple moving average is $132.66 and its 200 day simple moving average is $125.34. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock has a market capitalization of $70.91 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EMR shares. Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Daiwa Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Jefferies Financial Group lowered their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $145.56.

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.