Cornell Pochily Investment Advisors Inc. Has $3.90 Million Holdings in Emerson Electric Co. $EMR

Cornell Pochily Investment Advisors Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,257 shares of the industrial products company’s stock after acquiring an additional 280 shares during the quarter. Emerson Electric makes up about 1.3% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its 19th largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Emerson Electric were worth $3,901,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Emerson Electric during the 1st quarter worth about $36,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $132.90 on Friday. The stock has a 50 day moving average of $134.43 and a two-hundred day moving average of $124.39. The company has a current ratio of 0.85, a quick ratio of 0.63 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 company has a market capitalization of $74.79 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.31 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analyst Ratings Changes

Several analysts have recently issued reports on EMR shares. Stephens upped their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.