First Trust Direct Indexing L.P. Has $2.48 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

First Trust Direct Indexing L.P. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,707 shares of the industrial products company’s stock after acquiring an additional 2,890 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Emerson Electric were worth $2,483,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EMR. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the 1st quarter valued at about $31,000. Meeder Asset Management Inc. lifted its holdings in 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 buying an additional 235 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter worth $33,000. Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Matrix Trust Co acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $44,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.1 %

Shares of Emerson Electric stock opened at $109.06 on Thursday. The firm has a market cap of $62.39 billion, a PE ratio of 5.84, a P/E/G ratio of 1.68 and a beta of 1.30. The business’s 50 day simple moving average is $106.51 and its 200 day simple moving average is $108.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. On average, analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EMR shares. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.