Barrett & Company Inc. Acquires 180 Shares of Emerson Electric Co. $EMR

Barrett & Company Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,901 shares of the industrial products company’s stock after acquiring an additional 180 shares during the period. Barrett & Company Inc.’s holdings in Emerson Electric were worth $787,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Mattern Capital Management LLC lifted its holdings in shares of Emerson Electric by 0.7% in the 2nd quarter. Mattern Capital Management LLC now owns 79,821 shares of the industrial products company’s stock valued at $10,643,000 after acquiring an additional 533 shares during the last quarter. Hilltop National Bank purchased a new position in shares of Emerson Electric during the 2nd quarter worth about $64,000. Hardman Johnston Global Advisors LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth about $240,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Emerson Electric by 11.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,228 shares of the industrial products company’s stock worth $9,497,000 after purchasing an additional 7,564 shares during the period. Finally, Mechanics Financial Corp boosted its stake in shares of Emerson Electric by 1.1% during the 2nd quarter. Mechanics Financial Corp now owns 8,362 shares of the industrial products company’s stock worth $1,115,000 after purchasing an additional 95 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $134.79 on Friday. The company has a 50 day moving average price of $134.13 and a 200-day moving average price of $124.55. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market capitalization of $75.86 billion, a PE ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. 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 announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 EPS. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EMR shares. Deutsche Bank Aktiengesellschaft lifted 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. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Stephens lifted 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, KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $144.88.

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.