Northwestern Mutual Wealth Management Co. Purchases 32,157 Shares of Emerson Electric Co. $EMR

Northwestern Mutual Wealth Management Co. increased its position in Emerson Electric Co. (NYSE:EMR) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,820 shares of the industrial products company’s stock after buying an additional 32,157 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Emerson Electric were worth $58,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Coldstream Capital Management Inc. grew its position in Emerson Electric by 18.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,378 shares of the industrial products company’s stock worth $2,850,000 after acquiring an additional 3,308 shares during the last quarter. Davis Investment Partners LLC bought a new position in shares of Emerson Electric in the second quarter worth approximately $692,000. CORDA Investment Management LLC. bought a new position in shares of Emerson Electric in the second quarter worth approximately $1,173,000. HighTower Advisors LLC raised its holdings in Emerson Electric by 1.6% during the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after buying an additional 11,097 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in Emerson Electric by 5.6% during the 1st quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock valued at $100,503,000 after buying an additional 48,226 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

Emerson Electric Trading Up 2.0%

EMR opened at $134.03 on Friday. 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 52 week low of $90.06 and a 52 week high of $150.27. The stock has a market cap of $75.30 billion, a PE ratio of 28.82, a PEG ratio of 2.36 and a beta of 1.30. The business has a 50 day moving average of $131.35 and a 200-day moving average of $131.84.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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 during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric declared that its Board of Directors has authorized a share buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Emerson Electric Increases Dividend

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

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.