Advisor Resource Council Invests $482,000 in Emerson Electric Co. (NYSE:EMR)

Advisor Resource Council bought a new stake in Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,405 shares of the industrial products company’s stock, valued at approximately $482,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Newport Trust Company LLC bought a new stake in Emerson Electric in the second quarter valued at approximately $574,908,000. Legal & General Group Plc boosted its holdings in Emerson Electric by 5.2% in the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Emerson Electric by 3.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after acquiring an additional 88,294 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 7.8 %

NYSE EMR opened at $126.86 on Thursday. The business’s fifty day moving average is $107.50 and its 200-day moving average is $109.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $72.65 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $127.74.

Emerson Electric (NYSE:EMR) last issued 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 for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’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. Equities research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is 70.47%.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research analyst reports. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.