1,850 Shares in Emerson Electric Co. $EMR Bought by Kidder Stephen W

Kidder Stephen W bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,850 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Brighton Jones LLC raised its holdings in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Emerson Electric by 5.6% in the first quarter. Wedmont Private Capital now owns 5,621 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 297 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Emerson Electric by 2.6% in the first quarter. Wesbanco Bank Inc. now owns 29,691 shares of the industrial products company’s stock worth $3,255,000 after purchasing an additional 757 shares during the period. Courier Capital LLC boosted its stake in Emerson Electric by 0.9% during the first quarter. Courier Capital LLC now owns 16,596 shares of the industrial products company’s stock worth $1,820,000 after buying an additional 152 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its holdings in Emerson Electric by 25.3% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 2,031 shares of the industrial products company’s stock valued at $223,000 after buying an additional 410 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 2.5%

Shares of NYSE EMR opened at $131.40 on Wednesday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm’s 50-day simple moving average is $133.51 and its 200 day simple moving average is $124.93. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $73.95 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

EMR has been the topic of several recent research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $144.29.

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.