Wendell David Associates Inc. Acquires 170 Shares of Emerson Electric Co. $EMR

Wendell David Associates Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,356 shares of the industrial products company’s stock after buying an additional 170 shares during the quarter. Wendell David Associates Inc.’s holdings in Emerson Electric were worth $4,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of 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 in the last quarter. Nordea Investment Management AB raised its position in Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after buying an additional 1,499,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after acquiring an additional 611,105 shares in the last quarter. Nuveen LLC purchased a new position in Emerson Electric during the 1st quarter worth $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Emerson Electric by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after acquiring an additional 223,831 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EMR. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Jefferies Financial Group dropped their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company restated 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Stock Up 0.3%

Shares of NYSE EMR opened at $129.34 on Friday. The business’s fifty day moving average price is $131.93 and its 200-day moving average price is $125.90. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The stock has a market capitalization of $72.79 billion, a PE ratio of 27.81, a P/E/G ratio of 2.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate 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 paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

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.