GM Advisory Group LLC Takes $368,000 Position in Emerson Electric Co. $EMR

GM Advisory Group LLC acquired a new position 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 2,760 shares of the industrial products company’s stock, valued at approximately $368,000.

A number of other large investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its position in shares of Emerson Electric by 29.4% in the second quarter. Quadrant Capital Group LLC now owns 14,740 shares of the industrial products company’s stock valued at $1,965,000 after acquiring an additional 3,352 shares in the last quarter. Vinva Investment Management Ltd raised its stake in Emerson Electric by 53.1% in the 2nd quarter. Vinva Investment Management Ltd now owns 38,514 shares of the industrial products company’s stock valued at $5,129,000 after purchasing an additional 13,358 shares during the last quarter. Choreo LLC lifted its holdings in Emerson Electric by 9.7% in the 2nd quarter. Choreo LLC now owns 42,138 shares of the industrial products company’s stock valued at $5,618,000 after purchasing an additional 3,716 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $6,411,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Emerson Electric by 11.3% during the second quarter. Russell Investments Group Ltd. now owns 218,708 shares of the industrial products company’s stock worth $29,160,000 after buying an additional 22,285 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $131.54 on Friday. The company has a market cap of $73.90 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. 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 stock has a 50-day moving average price of $131.32 and a two-hundred day moving average price of $131.74. Emerson Electric Co. has a 12-month low of $90.06 and a 12-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 business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric declared that its board has authorized a stock buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is currently 54.95%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. Wolfe Research raised their target price on shares of Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. 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 research note on Monday, October 6th. Jefferies Financial Group reduced their target price on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, Barclays lifted their price target on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

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.