Mount Yale Investment Advisors LLC Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

Mount Yale Investment Advisors LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,385 shares of the industrial products company’s stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. LVW Advisors LLC increased its position in Emerson Electric by 55.5% during the 1st quarter. LVW Advisors LLC now owns 4,238 shares of the industrial products company’s stock valued at $481,000 after buying an additional 1,512 shares in the last quarter. Aviance Capital Partners LLC purchased a new position in shares of Emerson Electric in the 1st quarter worth about $706,000. Diversified Trust Co grew its position in Emerson Electric by 0.9% during the 1st quarter. Diversified Trust Co now owns 22,611 shares of the industrial products company’s stock valued at $2,565,000 after purchasing an additional 207 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in Emerson Electric by 193.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 18,318 shares of the industrial products company’s stock valued at $2,078,000 after purchasing an additional 12,085 shares in the last quarter. Finally, Tributary Capital Management LLC purchased a new position in Emerson Electric in the first quarter worth about $35,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EMR shares. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Royal Bank of Canada dropped their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Redburn Atlantic initiated coverage on shares of Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Trading Down 0.1 %

Shares of NYSE:EMR opened at $108.13 on Monday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a market cap of $61.86 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The stock has a 50 day moving average of $106.19 and a 200 day moving average of $108.96. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. As a group, equities research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.