Emerson Electric Co. (NYSE:EMR) Stake Boosted by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its stake in Emerson Electric Co. (NYSE:EMR) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,428 shares of the industrial products company’s stock after purchasing an additional 97 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Emerson Electric were worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norden Group LLC acquired a new position in shares of Emerson Electric during the first quarter worth approximately $231,000. Diversify Advisory Services LLC acquired a new position in Emerson Electric during the 1st quarter valued at about $588,000. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Emerson Electric by 9.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,336 shares of the industrial products company’s stock worth $1,626,000 after buying an additional 1,224 shares in the last quarter. St. Louis Trust Co lifted its stake in shares of Emerson Electric by 77.1% in the 1st quarter. St. Louis Trust Co now owns 10,864 shares of the industrial products company’s stock worth $1,232,000 after acquiring an additional 4,729 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of Emerson Electric by 2.1% in the first quarter. Fidelis Capital Partners LLC now owns 7,021 shares of the industrial products company’s stock valued at $796,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. 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 report on Thursday, August 8th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic assumed coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Robert W. Baird increased their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. One investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Performance

EMR stock 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 P/E/G ratio of 1.67 and a beta of 1.30. The firm has a 50 day moving average of $106.66 and a two-hundred day moving average of $108.88. 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 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 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 analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal 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 given 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 dividend payout ratio (DPR) is currently 70.47%.

About Emerson Electric

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.