MCF Advisors LLC Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

MCF Advisors LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2,929.9% during the second quarter, Holdings Channel.com reports. The firm owned 2,939 shares of the industrial products company’s stock after buying an additional 2,842 shares during the period. MCF Advisors LLC’s holdings in Emerson Electric were worth $324,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American National Bank & Trust Co. VA purchased a new stake in shares of Emerson Electric during the 1st quarter worth $1,011,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Emerson Electric by 23.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after buying an additional 9,300 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in shares of Emerson Electric by 17.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after acquiring an additional 7,358 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Emerson Electric by 22.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 62,197 shares of the industrial products company’s stock valued at $6,054,000 after acquiring an additional 11,413 shares during the last quarter. Finally, Goelzer Investment Management Inc. boosted its stake in Emerson Electric by 22.2% in the fourth quarter. Goelzer Investment Management Inc. now owns 7,701 shares of the industrial products company’s stock valued at $750,000 after acquiring an additional 1,399 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent analyst reports. Oppenheimer lowered their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Royal Bank of Canada cut their price target 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. Finally, Mizuho lifted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Price Performance

NYSE:EMR opened at $99.97 on Friday. 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 company has a 50 day moving average price of $108.93 and a 200-day moving average price of $109.78. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm has a market cap of $57.19 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

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

Emerson Electric 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.