Emerson Electric Co. (NYSE:EMR) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 78,654 shares of the industrial products company’s stock after acquiring an additional 4,128 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Emerson Electric were worth $8,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. American National Bank & Trust Co. VA acquired a new position in Emerson Electric in the first quarter valued at $1,011,000. SG Americas Securities LLC lifted its position in Emerson Electric by 183.6% during the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after acquiring an additional 53,003 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the period. Norden Group LLC purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $4,188,000. Finally, Daiwa Securities Group Inc. grew its position in Emerson Electric by 17.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock valued at $11,345,000 after buying an additional 15,098 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EMR. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Robert W. Baird lifted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Trading Up 0.6 %

NYSE:EMR opened at $108.78 on Tuesday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The business’s 50-day simple moving average is $106.29 and its 200 day simple moving average is $108.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market cap of $62.23 billion, a price-to-earnings ratio of 5.82, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released 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. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company 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 1.93%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 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.