Level Four Advisory Services LLC Purchases 674 Shares of Emerson Electric Co. $EMR

Level Four Advisory Services LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 5.7% in the 2nd quarter, Holdings Channel reports. The firm owned 12,403 shares of the industrial products company’s stock after buying an additional 674 shares during the period. Level Four Advisory Services LLC’s holdings in Emerson Electric were worth $1,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. grew its holdings in shares of Emerson Electric by 363.8% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 28,652 shares of the industrial products company’s stock valued at $3,820,000 after buying an additional 22,475 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Emerson Electric by 7.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 437,820 shares of the industrial products company’s stock worth $58,374,000 after acquiring an additional 32,157 shares in the last quarter. Johnson Financial Group Inc. grew its stake in Emerson Electric by 17.4% in the second quarter. Johnson Financial Group Inc. now owns 5,036 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 745 shares during the period. GM Advisory Group LLC bought a new stake in shares of Emerson Electric in the second quarter worth about $368,000. Finally, Quadrant Capital Group LLC raised its position in shares of Emerson Electric by 29.4% during the second quarter. Quadrant Capital Group LLC now owns 14,740 shares of the industrial products company’s stock worth $1,965,000 after purchasing an additional 3,352 shares during the period. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays raised their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, Jefferies Financial Group lowered their target price on Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Emerson Electric Stock Up 2.0%

Emerson Electric stock opened at $134.03 on Friday. 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 1-year low of $90.06 and a 1-year high of $150.27. The company has a fifty day simple moving average of $131.35 and a 200 day simple moving average of $131.91. The company has a market cap of $75.30 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 14th. Emerson Electric’s dividend payout ratio is 54.95%.

Emerson Electric announced that its board has approved a stock repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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.