Americana Partners LLC buys new shares in Emerson Electric Co. (NYSE:EMR)

Americana Partners LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,884 shares of the industrial products company’s stock, valued at approximately $318,000.

Other hedge funds have recently made changes to their positions in the company. American National Bank & Trust Co. VA purchased a new position in shares of Emerson Electric in the first quarter valued at $1,011,000. Vanguard Personalized Indexing Management LLC raised 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 acquired an additional 9,300 shares during the period. Exencial Wealth Advisors LLC raised its position 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 during that period. Kingsview Wealth Management LLC raised its position in Emerson Electric by 22.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 62,197 shares of the industrial products company’s stock worth $6,054,000 after buying an additional 11,413 shares during that period. Finally, Goelzer Investment Management Inc. raised its position in Emerson Electric by 22.2% during the fourth quarter. Goelzer Investment Management Inc. now owns 7,701 shares of the industrial products company’s stock worth $750,000 after buying an additional 1,399 shares during the period. 74.30% of shares are owned by institutional investors and hedge funds.

Emerson Electric trading rose 1.2%

Shares of Emerson Electric stock opened at $105.39 on Friday. The firm has a market cap of $60.36 billion, a PE ratio of 5.64, a P/E/G ratio of 1.75 and a beta of 1.32. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company’s 50-day moving average price is $109.40 and its 200-day moving average price is $109.88. The company has a current ratio of 1.16, a quick ratio of 0.86, and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR – Get Your Free Report ) last issued its earnings results 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 for the quarter, compared to analyst estimates of $4.44 billion. In the same period last year, the company posted EPS of $1.29. The company’s revenue grew 11.0% year over year. On average, sell-side analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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 given a $0.525 dividend. This represents a dividend of $2.10 on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, August 16. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Changes in Analyst Ratings

Several equities research analysts have weighed in on EMR shares. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. Loop Capital boosted their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Oppenheimer cut their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $125.18, based on data from MarketBeat.com.

Get the latest research report on Emerson Electric

Emerson Electric Company Profile

(Free report)

Emerson Electric Co, a technology and software company, provides diverse 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 and Software, Measurement and Analysis, AspenTech, Discrete Automation and Safety and Productivity.

Recommended articles

Want to see what other hedge funds own EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Emerson Electric Co. (NYSE:EMR – Free Report).

Get news and reviews for Emerson Electric Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Emerson Electric and related companies with MarketBeat.com’s FREE daily email newsletter.