Emerson Electric Co. $EMR Shares Bought by Cwm LLC

Cwm LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.2% during the second quarter, HoldingsChannel reports. The firm owned 23,257 shares of the industrial products company’s stock after buying an additional 3,242 shares during the period. Cwm LLC’s holdings in Emerson Electric were worth $3,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC purchased a new position in Emerson Electric in the first quarter valued at about $737,318,000. Pacer Advisors Inc. boosted its holdings in Emerson Electric by 4,583.7% in the first 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 during the last quarter. Alliancebernstein L.P. boosted its holdings in Emerson Electric by 218.7% in the first 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Emerson Electric by 210.8% in the first 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 during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Emerson Electric by 6.9% in the first 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 last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3%

Shares of Emerson Electric stock opened at $129.34 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 business’s 50 day simple moving average is $131.93 and its 200-day simple moving average is $125.80. The stock has a market capitalization of $72.79 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.23 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

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. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analysts Set New Price Targets

EMR has been the subject of a number of analyst reports. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

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.