Wakefield Asset Management LLLP Invests $412,000 in Emerson Electric Co. $EMR

Wakefield Asset Management LLLP purchased a new position in Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,088 shares of the industrial products company’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Carson Advisory Inc. purchased a new stake in shares of Emerson Electric in the second quarter worth approximately $223,000. iA Global Asset Management Inc. raised its holdings in shares of Emerson Electric by 6.8% in the second quarter. iA Global Asset Management Inc. now owns 4,551 shares of the industrial products company’s stock worth $607,000 after buying an additional 288 shares during the period. Tredje AP fonden raised its holdings in shares of Emerson Electric by 124.0% in the second quarter. Tredje AP fonden now owns 483,816 shares of the industrial products company’s stock worth $64,507,000 after buying an additional 267,806 shares during the period. Mission Wealth Management LP grew its stake in Emerson Electric by 8.4% in the second quarter. Mission Wealth Management LP now owns 2,277 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 176 shares in the last quarter. Finally, SS&H Financial Advisors Inc. grew its stake in Emerson Electric by 46.9% in the second quarter. SS&H Financial Advisors Inc. now owns 14,400 shares of the industrial products company’s stock worth $1,920,000 after purchasing an additional 4,600 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 2.2%

Shares of NYSE EMR opened at $139.83 on Monday. 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 stock has a market capitalization of $78.70 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The stock’s fifty day simple moving average is $132.26 and its two-hundred day simple moving average is $128.74. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

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. 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%. As a group, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on EMR. Daiwa Capital Markets increased their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Wolfe Research dropped their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, Royal Bank Of Canada increased their price objective on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.