1,615 Shares in Emerson Electric Co. $EMR Purchased by Meritage Portfolio Management

Meritage Portfolio Management acquired a new position in Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,615 shares of the industrial products company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Saudi Central Bank purchased a new position in Emerson Electric in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $36,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the topic of several analyst reports. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price target 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. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $145.56.

Emerson Electric Stock Up 1.8%

EMR opened at $128.31 on Tuesday. The firm has a 50 day moving average price of $132.37 and a 200 day moving average price of $125.48. The company has a market cap of $72.21 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

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

Emerson Electric Announces Dividend

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

Emerson Electric Company 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.