Concurrent Investment Advisors LLC Has $6.70 Million Stake in Emerson Electric Co. $EMR

Concurrent Investment Advisors LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,283 shares of the industrial products company’s stock after purchasing an additional 154 shares during the period. Concurrent Investment Advisors LLC’s holdings in Emerson Electric were worth $6,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after buying an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter worth about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Emerson Electric by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after acquiring an additional 579,653 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 4.2%

EMR opened at $125.99 on Monday. 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 company has a market cap of $70.91 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The firm has a 50 day simple moving average of $132.66 and a 200 day simple moving average of $125.34. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion during the quarter. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

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.