Syverson Strege & Co Purchases 607 Shares of Emerson Electric Co. $EMR

Syverson Strege & Co boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,794 shares of the industrial products company’s stock after purchasing an additional 607 shares during the period. Syverson Strege & Co’s holdings in Emerson Electric were worth $772,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Saudi Central Bank purchased a new position in Emerson Electric during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the first quarter valued at $27,000. PFS Partners LLC raised its stake in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Emerson Electric in the 2nd quarter worth approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 288 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $139.83 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market capitalization of $78.70 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The business has a fifty day moving average of $132.26 and a 200 day moving average of $128.34.

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 company had revenue of $3.16 billion for the quarter. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. Jefferies Financial Group dropped their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Daiwa Capital Markets raised their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

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.