Peninsula Asset Management Inc. Has $5.71 Million Stock Holdings in Emerson Electric Co. $EMR

Peninsula Asset Management Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 42,850 shares of the industrial products company’s stock after buying an additional 390 shares during the quarter. Emerson Electric accounts for 3.0% of Peninsula Asset Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Peninsula Asset Management Inc.’s holdings in Emerson Electric were worth $5,713,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Saudi Central Bank bought a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the first quarter worth about $27,000. PFS Partners LLC grew its stake in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Emerson Electric by 436.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 288 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EMR shares. Barclays raised their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wolfe Research dropped their target price on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday. Stephens boosted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two equities research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.61.

Emerson Electric Trading Down 1.7%

Shares of EMR stock opened at $129.27 on Monday. 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 firm has a 50 day moving average price of $132.37 and a two-hundred day moving average price of $129.97. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market capitalization of $72.75 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business 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, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric announced that its board has authorized a share buyback plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.