Emerson Electric Co. (NYSE:EMR) Shares Acquired by Romano Brothers AND Company

Romano Brothers AND Company boosted its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% in the third quarter, Holdings Channel reports. The fund owned 12,024 shares of the industrial products company’s stock after buying an additional 175 shares during the quarter. Romano Brothers AND Company’s holdings in Emerson Electric were worth $1,315,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EMR. Patrick M Sweeney & Associates Inc. grew its stake in Emerson Electric by 5.6% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,275 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 282 shares in the last quarter. International Assets Investment Management LLC raised its stake in Emerson Electric by 14,768.8% during the third quarter. International Assets Investment Management LLC now owns 468,069 shares of the industrial products company’s stock worth $51,193,000 after acquiring an additional 464,921 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 4.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 162,114 shares of the industrial products company’s stock worth $17,730,000 after purchasing an additional 7,064 shares during the last quarter. Guidance Capital Inc. lifted its stake in Emerson Electric by 1.8% in the third quarter. Guidance Capital Inc. now owns 9,318 shares of the industrial products company’s stock valued at $1,029,000 after buying an additional 161 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in Emerson Electric by 9.9% during the 3rd quarter. Greenleaf Trust now owns 35,617 shares of the industrial products company’s stock valued at $3,895,000 after purchasing an additional 3,216 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Wells Fargo & Company cut their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic began coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Barclays cut their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Performance

NYSE:EMR opened at $108.51 on Thursday. The firm has a market capitalization of $62.08 billion, a PE ratio of 5.81, a PEG ratio of 1.70 and a beta of 1.30. The firm’s fifty day simple moving average is $106.01 and its 200 day simple moving average is $109.09. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. 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 earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.