Ensign Peak Advisors Inc buys 2,485 shares of Emerson Electric Co. (NYSE:EMR)

Ensign Peak Advisors Inc grew its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 4.9% in the second quarter, HoldingsChannel reports. The fund owned 53,718 shares of the industrial products company’s stock after acquiring an additional 2,485 shares during the period. Ensign Peak Advisors Inc’s holdings in Emerson Electric were worth $5,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EMR. Transcendent Capital Group LLC bought a new position in Emerson Electric in the first quarter worth $31,000. Meeder Asset Management Inc. boosted 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. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $35,000. Finally, Cape Investment Advisory Inc. raised its position in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares in the last quarter. Institutional investors own 74.30% of the company’s shares.

The Wall Street analyst weighs in

A number of research firms have recently commented on EMR. Oppenheimer decreased their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.29, according to MarketBeat .

Check out our latest analysis of EMR

Emerson Electric Price Performance

EMR stock opened at $104.40 on Thursday. 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. it has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a market cap of $59.73 billion, a P/E ratio of 5.59, a PEG ratio of 1.74 and a beta of 1.30. The company has a fifty day moving average price of $106.55 and a 200 day moving average price of $109.38.

Emerson Electric (NYSE:EMR – Get Free Report ) last issued 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 return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. In the same quarter last year, the company posted EPS of $1.29. The company’s revenue grew 11.0% year over year. As a group, equities analysts expect Emerson Electric Co. to post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16. This represents a dividend of $2.10 on an annualized basis and a dividend yield of 2.01%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

About Emerson Electric

(Free Report)

Emerson Electric Co, a technology and software company, provides diverse solutions for customers in the 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.

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