Weatherly Asset Management L. P. Has $376,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Weatherly Asset Management L. P. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,439 shares of the industrial products company’s stock after purchasing an additional 180 shares during the period. Weatherly Asset Management L. P.’s holdings in Emerson Electric were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new position in shares of Emerson Electric in the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC increased its holdings in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the period. Swedbank AB grew its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Perpetual Ltd increased its stake in Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after acquiring an additional 1,204,058 shares during the period. Finally, Clean Energy Transition LLP raised its holdings in Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after acquiring an additional 990,615 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $108.46 on Friday. The company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.67 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a fifty day simple moving average of $106.66 and a 200 day simple moving average of $108.88.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s payout ratio is 70.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Oppenheimer raised their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Barclays reduced their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. One equities research 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’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

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.