Emerson Electric Co. (NYSE:EMR) Shares Bought by DT Investment Partners LLC

DT Investment Partners LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 15.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,459 shares of the industrial products company’s stock after purchasing an additional 199 shares during the period. DT Investment Partners LLC’s holdings in Emerson Electric were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric during the first quarter valued at $31,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Tributary Capital Management LLC acquired a new position in Emerson Electric during the 1st quarter valued at about $35,000. Versant Capital Management Inc increased its stake in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the period. Finally, Matrix Trust Co bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EMR. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Trading Down 0.2 %

NYSE:EMR opened at $108.24 on Friday. The stock has a fifty day simple moving average of $106.01 and a 200 day simple moving average of $109.09. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $61.92 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 1.70 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.

Emerson Electric (NYSE:EMR) last released its earnings results 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. 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 the consensus estimate of $4.44 billion. During the same period last year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

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

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.