MGO One Seven LLC Buys 4,094 Shares of Emerson Electric Co. $EMR

MGO One Seven LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.2% during the second quarter, HoldingsChannel.com reports. The firm owned 29,345 shares of the industrial products company’s stock after purchasing an additional 4,094 shares during the quarter. MGO One Seven LLC’s holdings in Emerson Electric were worth $3,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional 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 valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC raised 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 valued at $29,000 after purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $36,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wolfe Research reduced 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. Jefferies Financial Group reduced their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Citigroup boosted their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

Emerson Electric Price Performance

EMR opened at $128.31 on Tuesday. The stock has a 50-day moving average price of $132.37 and a 200-day moving average price of $125.48. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $72.21 billion, a P/E ratio of 27.59, a PEG ratio of 2.19 and a beta of 1.29.

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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion during the quarter. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

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.