Emerson Electric Co. $EMR Holdings Raised by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,347 shares of the industrial products company’s stock after purchasing an additional 1,059 shares during the period. Bank of Jackson Hole Trust’s holdings in Emerson Electric were worth $846,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after purchasing an additional 980,652 shares during the last quarter. Nordea Investment Management AB lifted its stake in Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after acquiring an additional 1,499,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after acquiring an additional 611,105 shares in the last quarter. Nuveen LLC purchased a new stake in Emerson Electric in the 1st quarter worth about $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Emerson Electric by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after acquiring an additional 223,831 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.1%

EMR opened at $134.54 on Wednesday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The business has a 50-day moving average of $131.89 and a 200-day moving average of $127.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $75.72 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Jefferies Financial Group reduced their price objective 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. Citigroup increased their price objective 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, Wolfe Research cut their price target 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 research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

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.