Nicholas Hoffman & Company LLC. Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Nicholas Hoffman & Company LLC. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,004 shares of the industrial products company’s stock after acquiring an additional 601 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Emerson Electric were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Natixis Advisors L.P. lifted its holdings in Emerson Electric by 0.9% in the 1st quarter. Natixis Advisors L.P. now owns 203,072 shares of the industrial products company’s stock worth $18,320,000 after buying an additional 1,852 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Emerson Electric by 2.3% in the 1st quarter. Cullen Frost Bankers Inc. now owns 61,879 shares of the industrial products company’s stock worth $5,583,000 after acquiring an additional 1,372 shares in the last quarter. GSB Wealth Management LLC raised its position in shares of Emerson Electric by 129.2% in the 1st quarter. GSB Wealth Management LLC now owns 15,219 shares of the industrial products company’s stock worth $1,373,000 after acquiring an additional 8,580 shares in the last quarter. Strategic Advisors LLC raised its position in shares of Emerson Electric by 20.4% in the 1st quarter. Strategic Advisors LLC now owns 4,464 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 756 shares in the last quarter. Finally, Capital City Trust Co. FL raised its position in shares of Emerson Electric by 2.4% in the 1st quarter. Capital City Trust Co. FL now owns 19,880 shares of the industrial products company’s stock worth $1,793,000 after acquiring an additional 464 shares in the last quarter. Institutional investors own 72.67% of the company’s stock.

In other Emerson Electric news, VP Bell Katherine Button sold 12,850 shares of Emerson Electric stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $101.21, for a total value of $1,300,548.50. Following the completion of the transaction, the vice president now directly owns 27,659 shares of the company’s stock, valued at approximately $2,799,367.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Several research analysts have recently issued reports on EMR shares. Barclays increased their target price on Emerson Electric from $91.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 8th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, August 12th. Morgan Stanley increased their target price on Emerson Electric from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 5th. Credit Suisse Group upped their price target on Emerson Electric from $103.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $103.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 14th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $99.95.

Shares of EMR stock opened at $97.65 on Wednesday. The company has a market capitalization of $58.38 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.42 and a beta of 1.54. The company’s fifty day moving average price is $100.94 and its 200-day moving average price is $95.86. Emerson Electric Co. has a one year low of $63.16 and a one year high of $105.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.00.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.11. The company had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Emerson Electric had a net margin of 13.20% and a return on equity of 26.77%. Emerson Electric’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. Equities research analysts expect that Emerson Electric Co. will post 4.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were paid a $0.505 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.07%. Emerson Electric’s payout ratio is currently 58.38%.

Emerson Electric 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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