Emerson Electric Co. (NYSE:EMR) Shares Bought by Orca Investment Management LLC

Orca Investment Management LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,445 shares of the industrial products company’s stock after acquiring an additional 537 shares during the quarter. Orca Investment Management LLC’s holdings in Emerson Electric were worth $486,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EMR. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. grew its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $35,000. Rise Advisors LLC acquired a new stake in shares of Emerson Electric during the first quarter worth approximately $36,000. Finally, Versant Capital Management Inc grew its position in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EMR. Wells Fargo & Company decreased their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird lifted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Oppenheimer lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Stock Performance

Shares of EMR opened at $112.06 on Monday. The company has a market cap of $64.11 billion, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The firm has a fifty day moving average of $105.03 and a 200-day moving average of $109.24. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Emerson Electric 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.