Thurston Springer Miller Herd & Titak Inc. Acquires 1,351 Shares of Emerson Electric Co. (NYSE:EMR)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,936 shares of the industrial products company’s stock after purchasing an additional 1,351 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Emerson Electric were worth $1,524,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new position in Emerson Electric during the second quarter valued at approximately $574,908,000. Wellington Management Group LLP grew its stake in shares of Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. Perpetual Ltd increased its holdings in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after buying an additional 1,204,058 shares during the last quarter. Swedbank AB bought a new stake in Emerson Electric during the first quarter worth $129,670,000. Finally, Clean Energy Transition LLP lifted its stake in Emerson Electric by 110.7% in the first 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 during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EMR. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. 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 research report on Thursday, September 26th. Finally, Royal Bank of Canada cut their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $124.59.

Emerson Electric Stock Up 1.1 %

NYSE EMR opened at $112.06 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The stock has a market capitalization of $64.11 billion, a PE ratio of 6.00, a PEG ratio of 1.70 and a beta of 1.30. The business has a fifty day moving average price of $105.03 and a two-hundred day moving average price of $109.24.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business posted $1.29 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 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.