Koshinski Asset Management Inc. Makes New $217,000 Investment in Emerson Electric Co. $EMR

Koshinski Asset Management Inc. bought a new position in Emerson Electric Co. (NYSE:EMR) during the second quarter, Holdings Channel reports. The institutional investor bought 1,628 shares of the industrial products company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP raised 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 buying an additional 980,652 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Emerson Electric by 19.5% during the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after buying an additional 1,499,000 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Emerson Electric by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after buying an additional 611,105 shares during the last quarter. Nuveen LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Emerson Electric by 5.8% during the first 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 valued at $448,053,000 after buying an additional 223,831 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.5%

Emerson Electric stock opened at $132.29 on Wednesday. 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 has a market cap of $74.45 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm’s 50 day moving average price is $131.88 and its two-hundred day moving average price is $126.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given 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 payout ratio is presently 45.38%.

Analyst Ratings Changes

A number of research analysts recently commented on EMR shares. Jefferies Financial Group lowered their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric 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.