Emerson Electric Co. $EMR Shares Purchased by Nordwand Advisors LLC

Nordwand Advisors LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 1,218.9% during the second quarter, Holdings Channel reports. The firm owned 2,308 shares of the industrial products company’s stock after buying an additional 2,133 shares during the quarter. Nordwand Advisors LLC’s holdings in Emerson Electric were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Davis Investment Partners LLC acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $692,000. CORDA Investment Management LLC. acquired a new position in shares of Emerson Electric in the second quarter worth $1,173,000. Boyd Watterson Asset Management LLC OH increased its position in shares of Emerson Electric by 13.8% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock worth $1,877,000 after acquiring an additional 2,071 shares during the period. HighTower Advisors LLC boosted its holdings in Emerson Electric by 1.6% in the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after purchasing an additional 11,097 shares during the period. Finally, DnB Asset Management AS grew its stake in Emerson Electric by 5.6% during the 1st quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after purchasing an additional 48,226 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EMR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Daiwa Capital Markets increased their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Barclays raised their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. dropped their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.00.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $126.70 on Wednesday. The firm’s fifty day simple moving average is $131.94 and its 200-day simple moving average is $131.11. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month 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 stock has a market capitalization of $71.18 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results 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 firm had revenue of $3.16 billion for the quarter. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $0.555 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 54.95%.

Emerson Electric announced that its Board of Directors has approved a share repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Emerson Electric 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.