Farmers & Merchants Investments Inc. Buys 2,798 Shares of Emerson Electric Co. (NYSE:EMR)

Farmers & Merchants Investments Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,138 shares of the industrial products company’s stock after buying an additional 2,798 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Emerson Electric were worth $21,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Arizona State Retirement System increased its position in shares of Emerson Electric by 1.3% in the second quarter. Arizona State Retirement System now owns 165,739 shares of the industrial products company’s stock worth $18,258,000 after purchasing an additional 2,139 shares during the last quarter. MCF Advisors LLC increased its position in shares of Emerson Electric by 2,929.9% in the second quarter. MCF Advisors LLC now owns 2,939 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 2,842 shares during the last quarter. TD Asset Management Inc increased its position in shares of Emerson Electric by 1.9% in the second quarter. TD Asset Management Inc now owns 252,592 shares of the industrial products company’s stock worth $27,826,000 after purchasing an additional 4,737 shares during the last quarter. FineMark National Bank & Trust increased its position in shares of Emerson Electric by 2.9% in the second quarter. FineMark National Bank & Trust now owns 32,682 shares of the industrial products company’s stock worth $3,600,000 after purchasing an additional 928 shares during the last quarter. Finally, Stablepoint Partners LLC bought a new position in shares of Emerson Electric in the second quarter worth approximately $204,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on EMR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Wells Fargo & Company reduced their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reduced their price target on shares of 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 shares of Emerson Electric in a research report on Friday. They set an “underweight” rating and a $105.00 price target on the stock. Finally, Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Trading Up 0.3 %

Shares of NYSE:EMR traded up $0.32 during trading on Friday, reaching $100.29. 79,137 shares of the company traded hands, compared to its average volume of 2,683,204. The firm has a market capitalization of $57.38 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of 1.75 and a beta of 1.32. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $108.93 and its 200-day moving average is $109.78.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

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.