New England Research & Management Inc. Has $493,000 Holdings in Emerson Electric Co. (NYSE:EMR)

New England Research & Management Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,478 shares of the industrial products company’s stock after selling 336 shares during the quarter. New England Research & Management Inc.’s holdings in Emerson Electric were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Emerson Electric by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after buying an additional 62,105 shares during the period. Norges Bank bought a new position in Emerson Electric during the 4th quarter worth approximately $764,604,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock valued at $308,934,000 after buying an additional 60,990 shares during the period. Finally, First Trust Advisors LP grew its stake in Emerson Electric by 219.2% in the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after acquiring an additional 1,786,583 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EMR shares. Loop Capital boosted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Mizuho upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays lifted their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.88.

Emerson Electric Price Performance

Shares of EMR stock traded up $1.37 on Tuesday, reaching $107.76. The company had a trading volume of 3,019,009 shares, compared to its average volume of 2,631,860. The business’s 50-day moving average is $111.19 and its 200 day moving average is $109.09. The stock has a market capitalization of $61.65 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

About Emerson Electric

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.