Jmac Enterprises LLC Boosts Position in Emerson Electric Co. (NYSE:EMR)

Jmac Enterprises LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 36.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,300 shares of the industrial products company’s stock after purchasing an additional 2,200 shares during the quarter. Jmac Enterprises LLC’s holdings in Emerson Electric were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in shares of Emerson Electric by 183.6% during the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after acquiring an additional 53,003 shares during the period. Farther Finance Advisors LLC boosted its stake in Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares in the last quarter. Montag A & Associates Inc. increased its stake in shares of Emerson Electric by 122.4% during 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 purchasing an additional 10,333 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Emerson Electric by 17.0% during 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 purchasing an additional 194,944 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $126.70 on Thursday. The stock’s fifty day moving average is $107.50 and its 200 day moving average is $109.05. Emerson Electric Co. has a one year low of $84.61 and a one year high of $127.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market cap of $72.56 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. Sell-side analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 70.47%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday. KeyCorp upped their price objective on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays boosted their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.65.

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.