Emerson Electric Co. (NYSE:EMR) Stock Holdings Increased by Moneta Group Investment Advisors LLC

Moneta Group Investment Advisors LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 716.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,996 shares of the industrial products company’s stock after purchasing an additional 65,809 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Emerson Electric were worth $504,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Delta Asset Management LLC TN raised its holdings in Emerson Electric by 0.5% during the 2nd quarter. Delta Asset Management LLC TN now owns 114,619 shares of the industrial products company’s stock worth $7,647,000 after buying an additional 598 shares during the period. DNB Asset Management AS lifted its holdings in shares of Emerson Electric by 4.3% in the second quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock valued at $8,480,000 after purchasing an additional 5,283 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Emerson Electric by 1.0% in the second quarter. Calamos Advisors LLC now owns 909,510 shares of the industrial products company’s stock worth $60,682,000 after buying an additional 9,115 shares during the period. First Merchants Corp grew its holdings in shares of Emerson Electric by 9.8% during the second quarter. First Merchants Corp now owns 22,884 shares of the industrial products company’s stock valued at $1,526,000 after buying an additional 2,044 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Emerson Electric by 13.4% during the second quarter. AdvisorNet Financial Inc now owns 16,196 shares of the industrial products company’s stock valued at $1,081,000 after buying an additional 1,916 shares in the last quarter. 70.57% of the stock is owned by institutional investors and hedge funds.

In other Emerson Electric news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the sale, the vice president now directly owns 18,040 shares in the company, valued at $1,172,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on EMR shares. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a research report on Tuesday, July 23rd. Barclays reiterated a “hold” rating and issued a $65.00 target price on shares of Emerson Electric in a research report on Wednesday, September 4th. Cowen restated a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a report on Friday, August 9th. Morgan Stanley dropped their price target on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $72.29.

Shares of EMR traded up $0.01 during trading hours on Wednesday, hitting $64.82. 1,886,916 shares of the company were exchanged, compared to its average volume of 2,944,469. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18. The company has a market cap of $39.65 billion, a PE ratio of 19.18, a PEG ratio of 2.14 and a beta of 1.35. The firm’s 50 day moving average is $60.85 and its 200-day moving average is $65.43. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the business earned $1.12 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, August 15th. Emerson Electric’s dividend payout ratio is 57.99%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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