Waterloo Capital L.P. Has $1.77 Million Stock Holdings in Emerson Electric Co. $EMR

Waterloo Capital L.P. grew its stake in Emerson Electric Co. (NYSE:EMR) by 10.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,285 shares of the industrial products company’s stock after buying an additional 1,218 shares during the period. Waterloo Capital L.P.’s holdings in Emerson Electric were worth $1,771,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric during the second quarter worth $692,000. Coldstream Capital Management Inc. raised its stake in Emerson Electric by 18.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,378 shares of the industrial products company’s stock worth $2,850,000 after buying an additional 3,308 shares during the period. CORDA Investment Management LLC. acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $1,173,000. HighTower Advisors LLC increased its position in shares of Emerson Electric by 1.6% during the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock worth $78,540,000 after acquiring an additional 11,097 shares in the last quarter. Finally, DnB Asset Management AS raised its holdings in shares of Emerson Electric by 5.6% during the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after acquiring an additional 48,226 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Jefferies Financial Group lowered their target price on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday. Daiwa Capital Markets boosted their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Wolfe Research lifted their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Emerson Electric Trading Up 3.6%

EMR opened at $128.19 on Monday. The company’s 50 day moving average is $131.42 and its 200-day moving average is $131.50. The company has a market cap of $72.02 billion, a P/E ratio of 27.57, a PEG ratio of 2.36 and a beta of 1.30. 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.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric announced that its board has authorized a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.