Lafayette Investments Inc. Has $219,000 Stock Holdings in Emerson Electric Co. $EMR

Lafayette Investments Inc. trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 19.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,639 shares of the industrial products company’s stock after selling 400 shares during the quarter. Lafayette Investments Inc.’s holdings in Emerson Electric were worth $219,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Triton Financial Group Inc acquired a new stake in Emerson Electric in the second quarter worth $1,658,000. Klingman & Associates LLC grew its holdings in Emerson Electric by 33.4% in the second quarter. Klingman & Associates LLC now owns 4,752 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 1,189 shares during the period. Pittenger & Anderson Inc. grew its holdings in Emerson Electric by 2.5% in the second quarter. Pittenger & Anderson Inc. now owns 37,760 shares of the industrial products company’s stock worth $5,035,000 after purchasing an additional 930 shares during the period. North Point Portfolio Managers Corp OH acquired a new position in shares of Emerson Electric during the second quarter valued at about $237,000. Finally, Bogart Wealth LLC grew its holdings in shares of Emerson Electric by 14.1% during the second quarter. Bogart Wealth LLC now owns 75,697 shares of the industrial products company’s stock valued at $10,093,000 after buying an additional 9,329 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of analyst reports. Daiwa Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Wolfe Research reduced their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two equities 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Stock Up 0.8%

EMR opened at $130.32 on Tuesday. 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’s 50-day moving average is $131.90 and its 200 day moving average is $126.32. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The firm has a market capitalization of $73.34 billion, a P/E ratio of 28.02, a PEG ratio of 2.24 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company 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%. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s payout ratio is currently 45.38%.

About Emerson Electric

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.