Emerson Electric Co. (NYSE:EMR) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its holdings in Emerson Electric Co. (NYSE:EMR) by 261.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,399 shares of the industrial products company’s stock after purchasing an additional 9,687 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Emerson Electric were worth $1,466,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EMR. Meadow Creek Wealth Advisors LLC lifted its position in Emerson Electric by 3.0% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 4,750 shares of the industrial products company’s stock valued at $520,000 after buying an additional 140 shares during the last quarter. Plan Group Financial LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $317,000. Elevated Capital Advisors LLC lifted its stake in Emerson Electric by 13.1% during the third quarter. Elevated Capital Advisors LLC now owns 8,896 shares of the industrial products company’s stock worth $973,000 after purchasing an additional 1,028 shares in the last quarter. GAM Holding AG purchased a new position in Emerson Electric in the third quarter worth approximately $8,163,000. Finally, Community Trust & Investment Co. purchased a new position in shares of Emerson Electric during the third quarter worth about $207,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Barclays lowered their price objective on shares of 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 Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada lowered 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, Robert W. Baird upped their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $108.98 on Wednesday. The stock has a market capitalization of $62.35 billion, a P/E ratio of 5.86, a PEG ratio of 1.70 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $105.91 and its 200 day moving average price is $109.09. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating 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 analyst estimates of $4.44 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) 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.