Orion Portfolio Solutions LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,362 shares of the industrial products company's stock after purchasing an additional 477 shares during the period. Orion Portfolio Solutions LLC's holdings in Emerson Electric were worth $586,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Ulland Investment Advisors LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $26,000. Lee Financial Co increased its stake in shares of Emerson Electric by 5,600.0% during the 1st quarter. Lee Financial Co now owns 285 shares of the industrial products company's stock worth $28,000 after purchasing an additional 280 shares in the last quarter. Gradient Investments LLC grew its stake in Emerson Electric by 76.6% in the 2nd quarter. Gradient Investments LLC now owns 369 shares of the industrial products company's stock worth $29,000 after acquiring an additional 160 shares during the period. Certified Advisory Corp purchased a new stake in Emerson Electric in the 1st quarter worth approximately $34,000. Finally, Credit Agricole S A purchased a new stake in Emerson Electric in the 4th quarter worth approximately $35,000. 72.75% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Credit Suisse Group lowered their target price on shares of Emerson Electric from $107.00 to $106.00 and set an "outperform" rating for the company in a research note on Wednesday, August 10th. Barclays lowered their target price on shares of Emerson Electric from $87.00 to $80.00 and set an "equal weight" rating for the company in a research note on Friday, July 8th. Sanford C. Bernstein lowered their target price on shares of Emerson Electric from $105.00 to $100.00 and set a "mkt perform" rating for the company in a research note on Wednesday, August 17th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $87.00 to $89.00 and gave the company an "equal weight" rating in a report on Tuesday, July 12th. Finally, Morgan Stanley lifted their price target on shares of Emerson Electric from $95.00 to $97.00 and gave the company an "equal weight" rating in a report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.77.
Emerson Electric Stock Performance
Shares of EMR stock opened at $73.84 on Friday. Emerson Electric Co. has a 12 month low of $72.87 and a 12 month high of $100.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.80. The firm has a market capitalization of $43.66 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.75 and a beta of 1.42. The company's fifty day moving average price is $84.65 and its two-hundred day moving average price is $87.23.
Emerson Electric (NYSE:EMR – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.09. Emerson Electric had a net margin of 16.45% and a return on equity of 25.06%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Emerson Electric Co. will post 5.11 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a $0.515 dividend. The ex-dividend date was Thursday, August 11th. This represents a $2.06 dividend on an annualized basis and a yield of 2.79%. Emerson Electric's dividend payout ratio is currently 39.02%.
About Emerson Electric
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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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