Janney Capital Management LLC Buys 2,034 Shares of Emerson Electric Co. (NYSE:EMR)

Janney Capital Management LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,715 shares of the industrial products company’s stock after buying an additional 2,034 shares during the quarter. Janney Capital Management LLC’s holdings in Emerson Electric were worth $3,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMR. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at $28,000. Resurgent Financial Advisors LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at $32,000. Wolff Wiese Magana LLC grew its holdings in shares of Emerson Electric by 122.7% during the 2nd quarter. Wolff Wiese Magana LLC now owns 363 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Certified Advisory Corp bought a new position in shares of Emerson Electric during the 1st quarter valued at $34,000. Finally, West Tower Group LLC bought a new position in shares of Emerson Electric during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on EMR shares. Barclays reduced their target price on shares of Emerson Electric from $105.00 to $100.00 in a report on Tuesday, October 10th. Stephens cut their price target on shares of Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup cut their price target on shares of Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Mizuho raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the stock from $95.00 to $118.00 in a report on Thursday, January 4th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $106.72.

View Our Latest Analysis on EMR

Insider Activity at Emerson Electric

In other news, Director Arthur F. Golden bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $85.64 per share, for a total transaction of $256,920.00. Following the completion of the purchase, the director now owns 97,504 shares in the company, valued at approximately $8,350,242.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the completion of the purchase, the chief executive officer now owns 148,542 shares in the company, valued at approximately $13,101,404.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Arthur F. Golden bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $85.64 per share, for a total transaction of $256,920.00. Following the purchase, the director now owns 97,504 shares of the company’s stock, valued at approximately $8,350,242.56. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Trading Down 0.6 %

Shares of EMR opened at $93.46 on Monday. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $100.62. The firm has a market capitalization of $53.28 billion, a price-to-earnings ratio of 4.10, a PEG ratio of 1.74 and a beta of 1.34. The firm’s 50-day moving average price is $93.70 and its 200-day moving average price is $93.89. The company has a current ratio of 2.75, a quick ratio of 2.35 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMRGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business earned $1.53 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that Emerson Electric Co. will post 5.29 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were given a dividend of $0.525 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is 9.16%.

Emerson Electric Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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