Prudent Man Advisors LLC Buys 2,342 Shares of Emerson Electric Co. $EMR

Prudent Man Advisors LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 17.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,106 shares of the industrial products company’s stock after purchasing an additional 2,342 shares during the period. Emerson Electric accounts for 0.7% of Prudent Man Advisors LLC’s holdings, making the stock its 28th biggest holding. Prudent Man Advisors LLC’s holdings in Emerson Electric were worth $2,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. Nuveen LLC bought a new position in shares of Emerson Electric during the first quarter valued at approximately $737,318,000. Pacer Advisors Inc. boosted its stake in shares of Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after purchasing an additional 1,693,999 shares in the last quarter. Nordea Investment Management AB boosted its stake 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 purchasing an additional 1,499,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after purchasing an additional 1,333,839 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.3%

NYSE EMR opened at $132.81 on Friday. The company has a fifty day simple moving average of $131.77 and a two-hundred day simple moving average of $127.14. The stock has a market cap of $74.75 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.29 and a beta of 1.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

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 business had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their target price on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $148.28.

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.