Oppenheimer Asset Management Inc. Acquires 3,844 Shares of Emerson Electric Co. $EMR

Oppenheimer Asset Management Inc. boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,725 shares of the industrial products company’s stock after purchasing an additional 3,844 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Emerson Electric were worth $22,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Saudi Central Bank bought a new stake in Emerson Electric during the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric in the 1st quarter worth approximately $27,000. PFS Partners LLC boosted its holdings in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Princeton Global Asset Management LLC purchased a new position in Emerson Electric during the 2nd quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 288 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.3%

Shares of NYSE:EMR opened at $132.81 on Friday. The business’s 50-day moving average is $131.77 and its 200 day moving average is $127.14. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm has a market capitalization of $74.75 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, research 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. 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 currently 45.38%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EMR. Royal Bank Of Canada boosted their price objective on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Finally, KeyCorp boosted their price target 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 analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

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.