Plan Group Financial LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Plan Group Financial LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,903 shares of the industrial products company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter valued at about $31,000. Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 361.5% in the second 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 period. Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at about $35,000. Versant Capital Management Inc increased its position in Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares during the period. Finally, Thompson Investment Management Inc. increased its position in Emerson Electric by 2,650.0% during the first quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 371 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $109.00 on Wednesday. The company has a fifty day moving average of $105.91 and a 200-day moving average of $109.09. The firm has a market capitalization of $62.36 billion, a P/E ratio of 5.86, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

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

Emerson Electric Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.93%. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EMR shares. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. 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 report on Thursday, August 8th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Robert W. Baird increased their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

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.