Klingman & Associates LLC Acquires 1,189 Shares of Emerson Electric Co. $EMR

Klingman & Associates LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 33.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,752 shares of the industrial products company’s stock after buying an additional 1,189 shares during the quarter. Klingman & Associates LLC’s holdings in Emerson Electric were worth $634,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EMR. Brighton Jones LLC raised its stake in shares of 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. GAMMA Investing LLC boosted its position in Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after purchasing an additional 1,479 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Emerson Electric by 4.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 16,124 shares of the industrial products company’s stock valued at $1,768,000 after purchasing an additional 758 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Emerson Electric by 53.4% in the first quarter. Avior Wealth Management LLC now owns 4,280 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 1,489 shares during the period. Finally, Nilsine Partners LLC lifted its stake in shares of Emerson Electric by 7.6% in the first quarter. Nilsine Partners LLC now owns 2,313 shares of the industrial products company’s stock worth $254,000 after buying an additional 164 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EMR. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Trading Up 0.8%

Shares of EMR opened at $130.32 on Tuesday. The stock’s 50-day moving average price is $131.90 and its 200 day moving average price is $126.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market capitalization of $73.34 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 2.24 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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