Emerson Electric Co. (NYSE:EMR) Shares Bought by Lynch & Associates IN

Lynch & Associates IN raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,705 shares of the industrial products company’s stock after acquiring an additional 973 shares during the quarter. Emerson Electric makes up 1.9% of Lynch & Associates IN’s investment portfolio, making the stock its 17th biggest holding. Lynch & Associates IN’s holdings in Emerson Electric were worth $7,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Moneta Group Investment Advisors LLC increased its position in shares of Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after purchasing an additional 54,365,954 shares in the last quarter. Norges Bank acquired a new position in Emerson Electric during the fourth quarter worth approximately $702,606,000. Morgan Stanley lifted its stake in Emerson Electric by 28.4% in the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock valued at $1,136,909,000 after buying an additional 2,621,089 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Emerson Electric by 216.3% in the fourth quarter. Voya Investment Management LLC now owns 2,579,534 shares of the industrial products company’s stock valued at $247,790,000 after acquiring an additional 1,763,928 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of Emerson Electric by 103.9% in the 1st quarter. Two Sigma Advisers LP now owns 3,045,900 shares of the industrial products company’s stock valued at $265,420,000 after acquiring an additional 1,551,800 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

Emerson Electric Stock Down 1.3 %

Shares of EMR stock traded down $1.27 during trading hours on Tuesday, reaching $98.34. The company had a trading volume of 694,486 shares, compared to its average volume of 3,176,497. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.38. Emerson Electric Co. has a twelve month low of $72.40 and a twelve month high of $100.62. The stock’s fifty day simple moving average is $95.35 and its 200 day simple moving average is $88.21. The company has a market capitalization of $56.44 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.09 by $0.20. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. As a group, sell-side analysts expect that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is 9.09%.

Insider Buying and Selling at Emerson Electric

In related news, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at $1,161,598.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total value of $4,367,568.70. Following the completion of the sale, the vice president now owns 51,748 shares of the company’s stock, valued at approximately $4,639,208.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the transaction, the chief marketing officer now owns 11,870 shares in the company, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EMR has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $83.00 to $107.00 in a research report on Tuesday, August 22nd. StockNews.com initiated coverage on shares of Emerson Electric in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Monday, August 28th. Finally, Mizuho raised their target price on Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.67.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.