Carnegie Investment Counsel Purchases 3,346 Shares of Emerson Electric Co. $EMR

Carnegie Investment Counsel lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,762 shares of the industrial products company’s stock after purchasing an additional 3,346 shares during the quarter. Carnegie Investment Counsel’s holdings in Emerson Electric were worth $15,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Impact Capital Partners LLC raised its stake in Emerson Electric by 3.9% during the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after buying an additional 71 shares during the last quarter. Jag Capital Management LLC raised its stake in Emerson Electric by 1.9% during the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after buying an additional 72 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after buying an additional 77 shares during the last quarter. Petros Family Wealth LLC raised its stake in Emerson Electric by 0.9% during the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after buying an additional 80 shares during the last quarter. Finally, Orca Investment Management LLC raised its stake in Emerson Electric by 2.0% during the second quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock valued at $559,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.3%

Emerson Electric stock opened at $133.16 on Friday. The stock has a market cap of $74.94 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The stock has a fifty day moving average of $131.75 and a 200 day moving average of $126.64.

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 return on equity of 14.34% and a net margin of 14.92%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada boosted their price target on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

About Emerson Electric

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.