Emerson Electric Co. $EMR Holdings Raised by Lido Advisors LLC

Lido Advisors LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 13.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 149,499 shares of the industrial products company’s stock after buying an additional 18,229 shares during the quarter. Lido Advisors LLC’s holdings in Emerson Electric were worth $23,188,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Emerson Electric during the second quarter worth approximately $6,193,425,000. State Street Corp increased its holdings in shares of 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 valued at $3,962,177,000 after purchasing an additional 403,957 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $2,629,146,000. ABS Investment Management LLC bought a new position in Emerson Electric in the 2nd quarter worth approximately $858,900,000. Finally, Bank of New York Mellon Corp raised its position in Emerson Electric by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock worth $827,478,000 after purchasing an additional 117,513 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock opened at $167.18 on Thursday. The firm’s 50 day moving average price is $158.89 and its two-hundred day moving average price is $147.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.94. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $172.00. The stock has a market cap of $91.72 billion, a PE ratio of 34.98, a PEG ratio of 2.35 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. The company 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%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. As a group, analysts forecast that Emerson Electric Co. will post 7.37 EPS for the current year.

Emerson Electric Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on EMR shares. DA Davidson upped their price objective on Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. Deutsche Bank lifted their target price on Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, September 30th. HSBC boosted their target price on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Evercore dropped their target price on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, August 31st. Finally, Wall Street Zen lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $175.38.

Emerson Electric Company Profile

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.