Creative Planning Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Creative Planning raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 125,894 shares of the industrial products company’s stock after buying an additional 5,046 shares during the quarter. Creative Planning’s holdings in Emerson Electric were worth $11,859,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Canton Hathaway LLC raised its stake in Emerson Electric by 234.6% during the third quarter. Canton Hathaway LLC now owns 358 shares of the industrial products company’s stock valued at $34,000 after buying an additional 251 shares during the last quarter. Financial Insights Inc. purchased a new position in Emerson Electric during the second quarter valued at $38,000. Lloyd Advisory Services LLC. raised its stake in Emerson Electric by 110.1% during the third quarter. Lloyd Advisory Services LLC. now owns 416 shares of the industrial products company’s stock valued at $39,000 after buying an additional 218 shares during the last quarter. Arlington Partners LLC raised its stake in Emerson Electric by 1,613.3% during the third quarter. Arlington Partners LLC now owns 514 shares of the industrial products company’s stock valued at $48,000 after buying an additional 484 shares during the last quarter. Finally, Destiny Wealth Partners LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $57,000. Institutional investors and hedge funds own 72.54% of the company’s stock.

A number of analysts have commented on EMR shares. Morgan Stanley reduced their target price on Emerson Electric from $106.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, October 7th. Wells Fargo & Company started coverage on Emerson Electric in a report on Thursday, October 7th. They issued an “equal weight” rating and a $99.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Emerson Electric from $116.00 to $112.00 and set a “buy” rating for the company in a report on Friday, December 10th. Loop Capital assumed coverage on Emerson Electric in a report on Wednesday, November 17th. They issued a “buy” rating and a $124.00 target price for the company. Finally, Barclays lifted their price objective on Emerson Electric from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 4th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $103.65.

NYSE EMR opened at $97.47 on Friday. The company has a market capitalization of $57.98 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.28 and a beta of 1.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.35. The business’s fifty day moving average is $93.44 and its 200 day moving average is $96.87. Emerson Electric Co. has a fifty-two week low of $78.33 and a fifty-two week high of $105.99.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, November 3rd. The industrial products company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.03. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $5.09 billion. Emerson Electric had a return on equity of 26.45% and a net margin of 12.63%. Emerson Electric’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 4.91 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Friday, November 12th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Wednesday, November 10th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.11%. Emerson Electric’s payout ratio is 53.93%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions, Climate Technologies, and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

Featured Article: How the Dogs of the Dow Strategy Works

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.