HM Payson & Co. Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

HM Payson & Co. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,539 shares of the industrial products company’s stock after acquiring an additional 1,728 shares during the period. HM Payson & Co.’s holdings in Emerson Electric were worth $4,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EMR. State of Alaska Department of Revenue grew its position in Emerson Electric by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 62,026 shares of the industrial products company’s stock worth $7,034,000 after acquiring an additional 455 shares in the last quarter. Lake Street Private Wealth LLC lifted its position in Emerson Electric by 2.3% in the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after buying an additional 99 shares during the last quarter. Norden Group LLC purchased a new position in Emerson Electric during the first quarter worth $4,188,000. First Trust Direct Indexing L.P. raised its stake in shares of Emerson Electric by 17.9% in the first quarter. First Trust Direct Indexing L.P. now owns 17,000 shares of the industrial products company’s stock valued at $1,928,000 after acquiring an additional 2,577 shares during the period. Finally, FORVIS Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 80.3% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 21,916 shares of the industrial products company’s stock worth $2,486,000 after acquiring an additional 9,760 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $0.34 during trading on Thursday, hitting $109.36. The stock had a trading volume of 95,824 shares, compared to its average volume of 2,672,929. The stock has a 50-day simple moving average of $106.51 and a two-hundred day simple moving average of $108.90. The stock has a market capitalization of $62.63 billion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. 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 (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. The business 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. On average, equities research analysts expect 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 issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 70.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EMR shares. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Royal Bank of Canada reduced their target price 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. Finally, Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. One research 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, the stock presently has an average rating of “Moderate Buy” and a consensus 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.