St. James Investment Company LLC Acquires 124,263 Shares of Emerson Electric Co. $EMR

St. James Investment Company LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4,770.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,868 shares of the industrial products company’s stock after purchasing an additional 124,263 shares during the quarter. Emerson Electric comprises approximately 2.7% of St. James Investment Company LLC’s portfolio, making the stock its 16th biggest holding. St. James Investment Company LLC’s holdings in Emerson Electric were worth $16,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Brighton Jones LLC raised its stake in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares in the last quarter. GAMMA Investing LLC grew its position in Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock valued at $1,126,000 after acquiring an additional 1,479 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Emerson Electric by 4.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 16,124 shares of the industrial products company’s stock valued at $1,768,000 after acquiring an additional 758 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Emerson Electric by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 152,407 shares of the industrial products company’s stock valued at $16,710,000 after acquiring an additional 22,923 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in Emerson Electric by 4.2% in the first quarter. Valmark Advisers Inc. now owns 8,900 shares of the industrial products company’s stock valued at $976,000 after acquiring an additional 362 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.5%

Shares of NYSE:EMR opened at $132.29 on Wednesday. The stock has a 50 day moving average of $131.88 and a 200 day moving average of $126.36. The company has a market cap of $74.45 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. 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 quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) 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 during the quarter. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued 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 yield of 1.6%. Emerson Electric’s payout ratio is currently 45.38%.

Analysts Set New Price Targets

Several equities analysts have commented on EMR shares. Jefferies Financial Group lowered their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wolfe Research lowered their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price 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.