Impax Asset Management Group plc Purchases 15,340 Shares of Emerson Electric Co. (NYSE:EMR)

Impax Asset Management Group plc raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 16.7% in the third quarter, HoldingsChannel reports. The fund owned 107,446 shares of the industrial products company’s stock after acquiring an additional 15,340 shares during the period. Impax Asset Management Group plc’s holdings in Emerson Electric were worth $11,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EMR. SG Americas Securities LLC raised its position in shares of Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after buying an additional 53,003 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after buying an additional 3,060 shares in the last quarter. Montag A & Associates Inc. raised its position in shares of Emerson Electric by 122.4% in the first quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock valued at $2,129,000 after buying an additional 10,333 shares in the last quarter. Bank of Montreal Can raised its position in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after buying an additional 194,944 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after buying an additional 5,416 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $117.67 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.61. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 1.66 and a beta of 1.30. The company’s fifty day moving average is $107.04 and its 200 day moving average is $108.92.

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

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.79%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 70.47%.

Analyst Ratings Changes

Several research analysts have commented on EMR shares. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Oppenheimer boosted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

Emerson Electric 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.