Rockefeller Capital Management L.P. Buys 21,897 Shares of Emerson Electric Co. $EMR

Rockefeller Capital Management L.P. raised its position in Emerson Electric Co. (NYSE:EMR) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 858,961 shares of the industrial products company’s stock after acquiring an additional 21,897 shares during the period. Rockefeller Capital Management L.P.’s holdings in Emerson Electric were worth $114,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Impact Capital Partners LLC grew its position in Emerson Electric by 3.9% during the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after buying an additional 71 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after buying an additional 71 shares during the last quarter. Jag Capital Management LLC raised its holdings in shares of Emerson Electric by 1.9% during the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after buying an additional 77 shares during the period. Finally, Petros Family Wealth LLC grew its stake in Emerson Electric by 0.9% in the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 80 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.8%

Emerson Electric stock opened at $127.48 on Friday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a market capitalization of $71.62 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.36 and a beta of 1.30. 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 business has a fifty day moving average price of $132.16 and a 200-day moving average price of $130.65.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results 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 net margin of 14.92% and a return on equity of 14.34%. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its Board of Directors has authorized a stock repurchase program on Wednesday, November 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is presently 54.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EMR shares. Barclays lifted their price objective on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Wolfe Research reduced their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Daiwa Capital Markets boosted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.00.

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.