Private Advisor Group LLC increased its stake in Emerson Electric Co. (NYSE:EMR – Get Rating) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,805 shares of the industrial products company's stock after purchasing an additional 2,999 shares during the period. Private Advisor Group LLC's holdings in Emerson Electric were worth $6,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC bought a new position in Emerson Electric in the 4th quarter worth about $37,000. Offit Capital Advisors LLC increased its holdings in shares of Emerson Electric by 9.0% during the first quarter. Offit Capital Advisors LLC now owns 3,098 shares of the industrial products company's stock valued at $304,000 after purchasing an additional 256 shares during the period. California State Teachers Retirement System raised its stake in shares of Emerson Electric by 3.7% during the fourth quarter. California State Teachers Retirement System now owns 1,082,820 shares of the industrial products company's stock valued at $100,670,000 after purchasing an additional 38,949 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Emerson Electric by 8.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 6,862 shares of the industrial products company's stock valued at $673,000 after buying an additional 550 shares in the last quarter. Finally, Stonnington Group LLC increased its stake in Emerson Electric by 4.4% during the 1st quarter. Stonnington Group LLC now owns 44,577 shares of the industrial products company's stock valued at $4,154,000 after buying an additional 1,865 shares during the period. 72.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMR. Barclays dropped their price objective on Emerson Electric from $87.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, July 8th. Argus increased their target price on Emerson Electric from $95.00 to $98.00 and gave the company a "buy" rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. initiated coverage on shares of Emerson Electric in a research report on Thursday, July 7th. They set a "neutral" rating and a $80.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $97.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, August 10th. Finally, Mizuho lifted their price objective on shares of Emerson Electric from $85.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $98.77.

Emerson Electric Stock Performance

Emerson Electric (NYSE:EMR – Get Rating) last issued its earnings results on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.10 billion. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. Research analysts forecast that Emerson Electric Co. will post 5.11 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, August 11th. Emerson Electric's dividend payout ratio is currently 39.02%.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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