Stoneridge Investment Partners LLC Purchases 3,129 Shares of Emerson Electric Co. (NYSE:EMR)

Stoneridge Investment Partners LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 14.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,523 shares of the industrial products company’s stock after buying an additional 3,129 shares during the period. Emerson Electric comprises 1.0% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 28th largest holding. Stoneridge Investment Partners LLC’s holdings in Emerson Electric were worth $2,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Emerson Electric by 183.6% in the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after purchasing an additional 53,003 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 worth $931,000 after buying an additional 3,060 shares during the last quarter. Montag A & Associates Inc. lifted its stake in Emerson Electric by 122.4% during the 1st quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock valued at $2,129,000 after acquiring an additional 10,333 shares during the period. Bank of Montreal Can grew its stake in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after acquiring an additional 194,944 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after purchasing an additional 5,416 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.2 %

EMR stock opened at $109.81 on Tuesday. The company has a market capitalization of $62.89 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.66 and a beta of 1.30. 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 1-year low of $83.10 and a 1-year high of $119.53. The business has a 50 day simple moving average of $106.76 and a two-hundred day simple moving average of $108.86.

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

Emerson Electric Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is 70.47%.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company cut their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.53.

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.