Sunbelt Securities Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,210 shares of the industrial products company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cohen Klingenstein LLC purchased a new stake in Emerson Electric during the 2nd quarter worth about $1,258,000. Burleson & Company LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at about $229,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Emerson Electric by 59.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 57,999 shares of the industrial products company’s stock valued at $4,010,000 after purchasing an additional 21,559 shares during the last quarter. Berkshire Asset Management LLC PA lifted its holdings in shares of Emerson Electric by 2.8% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 268,801 shares of the industrial products company’s stock valued at $18,585,000 after purchasing an additional 7,348 shares during the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at about $209,000. 69.71% of the stock is owned by institutional investors.

Shares of EMR stock opened at $75.42 on Monday. The stock has a market capitalization of $46.42 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.15 and a beta of 1.13. Emerson Electric Co. has a 52-week low of $57.47 and a 52-week high of $75.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. equities research analysts forecast that Emerson Electric Co. will post 3.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 17th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 73.48%.

In other Emerson Electric news, insider Michael H. Train sold 24,166 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $71.46, for a total transaction of $1,726,902.36. Following the transaction, the insider now owns 121,626 shares in the company, valued at approximately $8,691,393.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total value of $475,804.16. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

EMR has been the subject of several research reports. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Monday, August 6th. MED raised Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Thursday, July 12th. Robert W. Baird reissued a “hold” rating and issued a $76.00 target price on shares of Emerson Electric in a report on Friday, July 20th. Deutsche Bank set a $81.00 target price on Emerson Electric and gave the company a “buy” rating in a report on Thursday, July 12th. Finally, Citigroup reduced their target price on Emerson Electric from $68.00 to $67.00 and set a “sell” rating for the company in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Buy” and an average target price of $75.39.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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