Chicago Partners Investment Group LLC Acquires 1,001 Shares of Emerson Electric Co. $EMR

Chicago Partners Investment Group LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,625 shares of the industrial products company’s stock after buying an additional 1,001 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $1,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Emerson Electric by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after purchasing an additional 1,479 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Emerson Electric by 4.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,124 shares of the industrial products company’s stock worth $1,768,000 after purchasing an additional 758 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Emerson Electric by 53.4% during the 1st quarter. Avior Wealth Management LLC now owns 4,280 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Nilsine Partners LLC increased its stake in shares of Emerson Electric by 7.6% during the 1st quarter. Nilsine Partners LLC now owns 2,313 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 164 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group decreased their price target on shares of 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 analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $130.32 on Tuesday. The company’s 50 day moving average price is $131.90 and its two-hundred day moving average price is $126.32. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market cap of $73.34 billion, a PE ratio of 28.02, a PEG ratio of 2.24 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 net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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 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%.

Emerson Electric 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.