Cetera Advisors LLC Buys 3,430 Shares of Emerson Electric Co. (NYSE:EMR)

Cetera Advisors LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 18.5% in the 3rd quarter, Holdings Channel reports. The firm owned 21,976 shares of the industrial products company’s stock after acquiring an additional 3,430 shares during the period. Cetera Advisors LLC’s holdings in Emerson Electric were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Gradient Investments LLC lifted its holdings in shares of Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 240 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 43,374 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 220 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $31,000. 70.28% of the stock is owned by institutional investors and hedge funds.

Emerson Electric stock opened at $73.53 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.88. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $75.54. The firm has a market capitalization of $45.26 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37. The company’s 50-day moving average is $69.02 and its 200 day moving average is $65.03.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts anticipate that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 53.12%.

In related news, CFO Frank J. Dellaquila sold 40,817 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $73.73, for a total value of $3,009,437.41. Following the sale, the chief financial officer now directly owns 278,803 shares of the company’s stock, valued at approximately $20,556,145.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara Yang Bosco sold 10,969 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $73.55, for a total transaction of $806,769.95. Following the completion of the sale, the vice president now directly owns 88,817 shares in the company, valued at $6,532,490.35. The disclosure for this sale can be found here. Insiders sold a total of 56,565 shares of company stock worth $4,168,420 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

EMR has been the subject of a number of analyst reports. Credit Suisse Group increased their price target on shares of Emerson Electric from $73.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Tuesday, July 23rd. HSBC downgraded shares of Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price target for the company. in a report on Thursday. Citigroup increased their price target on shares of Emerson Electric from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barclays lowered their price target on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $72.36.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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