Semanteon Capital Management LP Purchases New Position in Emerson Electric Co. (NYSE:EMR)

Semanteon Capital Management LP bought a new position in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,727 shares of the industrial products company’s stock, valued at approximately $1,173,000. Emerson Electric accounts for about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 29th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. American National Bank & Trust Co. VA purchased a new position in shares of Emerson Electric during the 1st quarter valued at $1,011,000. SG Americas Securities LLC grew its holdings in 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 valued at $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the last quarter. Norden Group LLC bought a new position in Emerson Electric during the 1st quarter valued at about $4,188,000. Finally, Daiwa Securities Group Inc. grew its stake in Emerson Electric by 17.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock worth $11,345,000 after acquiring an additional 15,098 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock traded up $1.04 on Monday, reaching $109.17. 207,459 shares of the company were exchanged, compared to its average volume of 2,680,703. The company has a market cap of $62.46 billion, a price-to-earnings ratio of 5.79, a P/E/G ratio of 1.68 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 business has a 50-day moving average price of $106.19 and a 200 day moving average price of $108.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates 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 was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EMR shares. Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $125.47.

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.