Sunflower Bank N.A. Invests $13.77 Million in Emerson Electric Co. $EMR

Sunflower Bank N.A. bought a new stake in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 103,288 shares of the industrial products company’s stock, valued at approximately $13,771,000. Emerson Electric comprises 3.5% of Sunflower Bank N.A.’s portfolio, making the stock its 9th biggest position.

Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new position in Emerson Electric in the 4th quarter valued at about $25,000. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric in the 1st quarter valued at $27,000. Finally, Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the 1st quarter valued at about $28,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $142.39.

Emerson Electric Price Performance

NYSE:EMR opened at $131.01 on Thursday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a fifty day moving average price of $136.96 and a 200 day moving average price of $123.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market cap of $73.73 billion, a P/E ratio of 28.17, a PEG ratio of 2.51 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.43 earnings per share. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Emerson Electric 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.