7,315 Shares in Emerson Electric Co. $EMR Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,315 shares of the industrial products company’s stock, valued at approximately $1,167,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at about $6,193,425,000. State Street Corp increased its holdings in Emerson Electric by 1.5% in the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock worth $3,962,177,000 after buying an additional 403,957 shares during the last quarter. Bank of America Corp DE acquired a new position in Emerson Electric in the second quarter worth approximately $2,629,146,000. ABS Investment Management LLC bought a new position in Emerson Electric during the second quarter valued at approximately $858,900,000. Finally, Bank of New York Mellon Corp raised its position in Emerson Electric by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after acquiring an additional 117,513 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 4.4%

Shares of EMR stock opened at $169.56 on Tuesday. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $172.00. The company has a market cap of $94.97 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $158.19 and its two-hundred day moving average is $147.71.

Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. Equities analysts predict that Emerson Electric Co. will post 7.34 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a $0.5950 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date is Friday, November 13th. This represents a $2.38 annualized dividend and a yield of 1.4%. Emerson Electric’s payout ratio is 46.44%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. Citigroup boosted their target price on shares of Emerson Electric from $182.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Sanford C. Bernstein increased their target price on shares of Emerson Electric from $186.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Evercore lowered their target price on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, August 31st. Wall Street Zen cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, HSBC boosted their price target on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.

Check Out Our Latest Research Report on Emerson Electric

Emerson Electric Profile

(Free Report)

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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