Emerson Electric Co. (NYSE:EMR) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 16.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,164 shares of the industrial products company’s stock after purchasing an additional 1,032 shares during the quarter. Empirical Finance LLC’s holdings in Emerson Electric were worth $689,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kavar Capital Partners Group LLC lifted its position in shares of Emerson Electric by 0.3% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 32,714 shares of the industrial products company’s stock worth $3,148,000 after purchasing an additional 100 shares during the last quarter. SignalPoint Asset Management LLC lifted its position in shares of Emerson Electric by 1.7% during the 2nd quarter. SignalPoint Asset Management LLC now owns 6,060 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 100 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its stake in Emerson Electric by 0.7% during the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 15,962 shares of the industrial products company’s stock worth $1,536,000 after acquiring an additional 104 shares in the last quarter. Accel Wealth Management raised its stake in Emerson Electric by 3.5% during the 1st quarter. Accel Wealth Management now owns 3,139 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 105 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in Emerson Electric by 1.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,236 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 105 shares in the last quarter. 72.67% of the stock is currently owned by institutional investors.

In related news, VP Bell Katherine Button sold 12,850 shares of the company’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $101.21, for a total transaction of $1,300,548.50. Following the completion of the transaction, the vice president now owns 27,659 shares of the company’s stock, valued at $2,799,367.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, August 12th. Cowen restated a “buy” rating on shares of Emerson Electric in a research note on Tuesday, August 31st. Morgan Stanley lifted their price objective on shares of Emerson Electric from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $103.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, July 14th. Finally, Credit Suisse Group lifted their price objective on shares of Emerson Electric from $103.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, August 5th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Buy” and an average price target of $99.95.

Shares of NYSE EMR opened at $97.65 on Wednesday. Emerson Electric Co. has a 12-month low of $63.16 and a 12-month high of $105.99. The company has a market capitalization of $58.38 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.00. The firm’s 50-day moving average is $100.94 and its two-hundred day moving average is $95.86.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. The business had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.58 billion. Emerson Electric had a net margin of 13.20% and a return on equity of 26.77%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were given a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, August 12th. Emerson Electric’s dividend payout ratio (DPR) is 58.38%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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