Emerson Electric Co. (NYSE:EMR) Shares Bought by Waycross Partners LLC

Waycross Partners LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,083 shares of the industrial products company’s stock after acquiring an additional 17,567 shares during the period. Emerson Electric makes up 2.6% of Waycross Partners LLC’s portfolio, making the stock its 14th biggest position. Waycross Partners LLC’s holdings in Emerson Electric were worth $16,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. lifted its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Security National Bank bought a new position in Emerson Electric in the 4th quarter valued at about $29,000. Tributary Capital Management LLC acquired a new position in Emerson Electric during the 1st quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.6 %

Emerson Electric stock opened at $102.03 on Monday. The company has a market capitalization of $58.37 billion, a P/E ratio of 5.46, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm’s fifty day simple moving average is $107.81 and its 200-day simple moving average is $109.60. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Sell-side analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EMR. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Royal Bank of Canada decreased their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company dropped their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Company 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.