Heritage Family Offices LLP Has $1.49 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Heritage Family Offices LLP decreased its stake in Emerson Electric Co. (NYSE:EMR) by 1.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,586 shares of the industrial products company’s stock after selling 188 shares during the quarter. Heritage Family Offices LLP’s holdings in Emerson Electric were worth $1,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EMR. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in Emerson Electric during the 1st quarter valued at $35,000. Rise Advisors LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at $36,000. Finally, Versant Capital Management Inc boosted its position in shares of Emerson Electric by 471.9% in 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 during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.2 %

EMR opened at $110.59 on Thursday. The firm has a market cap of $63.27 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. 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 business has a 50 day moving average price of $105.41 and a 200 day moving average price of $109.22. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.90%. Emerson Electric’s payout ratio is 11.24%.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Robert W. Baird increased their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lowered their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently 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.