Emerson Electric Co. $EMR Shares Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 96.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,238 shares of the industrial products company’s stock after acquiring an additional 5,525 shares during the quarter. Creekmur Asset Management LLC’s holdings in Emerson Electric were worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Saudi Central Bank bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $27,000. PFS Partners LLC raised its holdings in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Emerson Electric by 436.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 288 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EMR. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price objective on shares of 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 assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Stock Up 0.3%

Emerson Electric stock opened at $136.90 on Friday. The firm has a market cap of $77.05 billion, a PE ratio of 29.44, a P/E/G ratio of 2.36 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. The firm’s 50 day moving average price is $132.14 and its two-hundred day moving average price is $128.06. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.