United Advisor Group LLC Boosts Position in Emerson Electric Co. (NYSE:EMR)

United Advisor Group LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,598 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. United Advisor Group LLC’s holdings in Emerson Electric were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stoneridge Investment Partners LLC increased its stake in Emerson Electric by 14.0% in the third quarter. Stoneridge Investment Partners LLC now owns 25,523 shares of the industrial products company’s stock valued at $2,791,000 after purchasing an additional 3,129 shares during the period. FSM Wealth Advisors LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth $223,000. Catalyst Capital Advisors LLC purchased a new stake in Emerson Electric during the third quarter worth about $43,000. Impax Asset Management Group plc grew its holdings in shares of Emerson Electric by 16.7% in the 3rd quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock worth $11,751,000 after acquiring an additional 15,340 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in Emerson Electric by 31.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 10,742 shares of the industrial products company’s stock valued at $1,173,000 after purchasing an additional 2,582 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday. Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays raised their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Stock Up 7.8 %

Shares of Emerson Electric stock opened at $126.86 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $72.65 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $127.74. The business has a 50-day moving average price of $107.50 and a 200 day moving average price of $109.05.

Emerson Electric (NYSE:EMR) last posted 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio is 70.47%.

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.