Emerson Electric Co. $EMR is Guinness Asset Management LTD’s 7th Largest Position

Guinness Asset Management LTD lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,901,595 shares of the industrial products company’s stock after buying an additional 27,735 shares during the quarter. Emerson Electric makes up approximately 4.5% of Guinness Asset Management LTD’s portfolio, making the stock its 7th biggest position. Guinness Asset Management LTD’s holdings in Emerson Electric were worth $253,549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in EMR. Impact Capital Partners LLC lifted its position in shares of Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 71 shares during the last quarter. Jag Capital Management LLC lifted its holdings in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after buying an additional 72 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in shares of Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 77 shares in the last quarter. Petros Family Wealth LLC raised its position in shares of Emerson Electric by 0.9% during the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after acquiring an additional 80 shares in the last quarter. Finally, Orca Investment Management LLC lifted its stake in Emerson Electric by 2.0% during the second quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock worth $559,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EMR shares. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Jefferies Financial Group reduced their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Friday. Royal Bank Of Canada boosted their target price on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Trading Down 0.3%

Shares of EMR stock opened at $132.81 on Monday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. 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 moving average is $131.77 and its two-hundred day moving average is $127.30. The company has a market capitalization of $74.75 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Equities analysts forecast 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. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

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.