Newman Dignan & Sheerar Inc. Has $1.46 Million Holdings in Emerson Electric Co. $EMR

Newman Dignan & Sheerar Inc. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,935 shares of the industrial products company’s stock after selling 909 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Emerson Electric were worth $1,458,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after purchasing an additional 611,105 shares in the last quarter. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter worth $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Emerson Electric by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after purchasing an additional 223,831 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after buying an additional 579,653 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.76.

Emerson Electric Stock Performance

NYSE:EMR opened at $131.20 on Thursday. The stock’s 50-day moving average is $134.71 and its 200-day moving average is $124.26. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year 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 cap of $73.84 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

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.