1,641 Shares in Emerson Electric Co. $EMR Acquired by Maple Capital Management Inc.

Maple Capital Management Inc. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,641 shares of the industrial products company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Forsta AP Fonden boosted its holdings in Emerson Electric by 0.9% in the second quarter. Forsta AP Fonden now owns 110,700 shares of the industrial products company’s stock valued at $14,760,000 after purchasing an additional 1,000 shares during the last quarter. KBC Group NV boosted its stake in shares of Emerson Electric by 6.2% in the second quarter. KBC Group NV now owns 54,816 shares of the industrial products company’s stock worth $7,309,000 after buying an additional 3,192 shares during the last quarter. VeraBank N.A. purchased a new position in Emerson Electric during the second quarter valued at approximately $287,000. Fagan Associates Inc. acquired a new position in Emerson Electric in the second quarter valued at approximately $229,000. Finally, CENTRAL TRUST Co boosted its position in Emerson Electric by 1.9% in the 2nd quarter. CENTRAL TRUST Co now owns 80,670 shares of the industrial products company’s stock worth $10,756,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.3%

Shares of NYSE EMR opened at $129.55 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $132.30 and a 200 day moving average of $130.32. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock has a market cap of $72.91 billion, a PE ratio of 27.86, a P/E/G ratio of 2.36 and a beta of 1.30.

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

Emerson Electric Increases Dividend

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

Emerson Electric declared that its Board of Directors has approved a share repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EMR shares. Barclays boosted their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Jefferies Financial Group lowered their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada dropped their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Wolfe Research reduced their target price on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Emerson Electric Company 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.