Meadow Creek Wealth Advisors LLC Has $520,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Meadow Creek Wealth Advisors LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,750 shares of the industrial products company’s stock after buying an additional 140 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Emerson Electric were worth $520,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. American National Bank & Trust Co. VA bought a new stake in Emerson Electric in the 1st quarter valued at $1,011,000. SG Americas Securities LLC increased its stake in Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after acquiring an additional 53,003 shares during the period. Farther Finance Advisors LLC raised its holdings in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares in the last quarter. Norden Group LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $4,188,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Emerson Electric by 17.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock worth $11,345,000 after purchasing an additional 15,098 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $108.98 on Wednesday. The company has a market capitalization of $62.35 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 1.70 and a beta of 1.30. The firm’s 50 day simple moving average is $105.91 and its 200 day simple moving average is $109.09. 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.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Analysts Set New Price Targets

Several research analysts recently commented on EMR shares. Oppenheimer raised their target price 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 decreased 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 research report on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.