Financial Insights Inc. Invests $38,000 in Emerson Electric Co. (NYSE:EMR)

Financial Insights Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 400 shares of the industrial products company’s stock, valued at approximately $38,000.

Several other large investors also recently made changes to their positions in EMR. Neuberger Berman Group LLC increased its holdings in shares of Emerson Electric by 514.0% during the first quarter. Neuberger Berman Group LLC now owns 1,075,232 shares of the industrial products company’s stock worth $96,833,000 after buying an additional 900,113 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Emerson Electric by 125.4% during the first quarter. Prudential Financial Inc. now owns 1,416,376 shares of the industrial products company’s stock worth $127,786,000 after buying an additional 787,971 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Emerson Electric by 1.7% during the first quarter. BlackRock Inc. now owns 40,165,838 shares of the industrial products company’s stock worth $3,623,764,000 after buying an additional 676,481 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Emerson Electric by 2,948.3% in the first quarter. Panagora Asset Management Inc. now owns 573,228 shares of the industrial products company’s stock valued at $51,717,000 after purchasing an additional 554,423 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Emerson Electric by 133.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 864,583 shares of the industrial products company’s stock valued at $78,002,000 after purchasing an additional 494,133 shares during the period. Institutional investors own 72.67% of the company’s stock.

Shares of EMR stock traded down $3.08 on Monday, reaching $93.38. 124,633 shares of the company were exchanged, compared to its average volume of 2,584,477. Emerson Electric Co. has a one year low of $63.16 and a one year high of $105.99. The company has a market cap of $55.82 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.00. The company has a 50-day moving average of $101.02 and a 200-day moving average of $96.07.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.11. Emerson Electric had a net margin of 13.20% and a return on equity of 26.77%. The business had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that Emerson Electric Co. will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were paid a $0.505 dividend. The ex-dividend date was Thursday, August 12th. This represents a $2.02 annualized dividend and a yield of 2.16%. Emerson Electric’s dividend payout ratio (DPR) is 58.38%.

EMR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $103.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, July 14th. Credit Suisse Group upped their price target on shares of Emerson Electric from $103.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, August 12th. Morgan Stanley upped their price target on shares of Emerson Electric from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 5th. Finally, Barclays upped their price target on shares of Emerson Electric from $91.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday, July 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $99.95.

In other Emerson Electric news, VP Bell Katherine Button sold 12,850 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $101.21, for a total value of $1,300,548.50. Following the completion of the sale, the vice president now owns 27,659 shares in the company, valued at approximately $2,799,367.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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