Fort Washington Investment Advisors Inc. OH Has $1.02 Million Stake in Emerson Electric Co. (NYSE:EMR)

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 36.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,232 shares of the industrial products company’s stock after buying an additional 2,470 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Emerson Electric were worth $1,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC increased its position in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the period. Catalyst Financial Partners LLC raised its position in shares of Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after buying an additional 94 shares in the last quarter. PFG Advisors lifted its holdings in shares of Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 96 shares during the period. Unison Advisors LLC boosted its position in shares of Emerson Electric by 0.5% during the 2nd quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after acquiring an additional 96 shares in the last quarter. Finally, Lake Street Private Wealth LLC raised its position in Emerson Electric by 2.3% during the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 99 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.3 %

EMR traded up $1.32 during midday trading on Friday, hitting $105.41. 3,476,208 shares of the company were exchanged, compared to its average volume of 2,684,978. The firm has a market capitalization of $60.31 billion, a P/E ratio of 5.64, a P/E/G ratio of 1.93 and a beta of 1.32. The firm’s 50 day moving average price is $109.46 and its 200-day moving average price is $109.87. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last announced its earnings results 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. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.99%. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Royal Bank of Canada decreased their target price 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. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price target for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, Oppenheimer dropped their price objective on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.18.

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.