FCG Investment Co Buys 3,610 Shares of Emerson Electric Co. (NYSE:EMR)

FCG Investment Co lifted its position in Emerson Electric Co. (NYSE:EMR) by 93.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,460 shares of the industrial products company’s stock after buying an additional 3,610 shares during the period. FCG Investment Co’s holdings in Emerson Electric were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Ancora Advisors LLC grew its position in shares of Emerson Electric by 17.7% during the 3rd quarter. Ancora Advisors LLC now owns 1,976 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 297 shares during the period. Lazard Asset Management LLC purchased a new stake in Emerson Electric in the third quarter worth about $1,768,000. Ameriprise Financial Inc. raised its stake in shares of Emerson Electric by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 3,529,692 shares of the industrial products company’s stock worth $341,559,000 after buying an additional 573,307 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Emerson Electric by 3.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,459 shares of the industrial products company’s stock valued at $431,000 after acquiring an additional 133 shares during the period. Finally, Lido Advisors LLC increased its holdings in Emerson Electric by 101.2% in the 3rd quarter. Lido Advisors LLC now owns 43,892 shares of the industrial products company’s stock worth $4,239,000 after acquiring an additional 22,072 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMR. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Wells Fargo & Company boosted their price objective on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and lifted their target price for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Berenberg Bank upped their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Mizuho lifted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric Trading Up 0.3 %

EMR traded up $0.29 on Thursday, hitting $109.56. The company had a trading volume of 1,074,795 shares, compared to its average volume of 2,281,336. The company has a market cap of $62.68 billion, a PE ratio of 5.86, a PEG ratio of 1.86 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $109.98 and its 200 day simple moving average is $105.99. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. Emerson Electric’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is currently 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.