Chicago Partners Investment Group LLC Buys 338 Shares of Emerson Electric Co. (NYSE:EMR)

Chicago Partners Investment Group LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,446 shares of the industrial products company’s stock after buying an additional 338 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $916,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thrive Wealth Management LLC raised its stake in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 91 shares during the last quarter. LCM Capital Management Inc raised its position in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO boosted its stake in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after buying an additional 94 shares in the last quarter. Finally, PFG Advisors raised its holdings in shares of Emerson Electric by 3.8% in the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after buying an additional 96 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 0.2 %

Shares of NYSE EMR opened at $108.46 on Monday. The firm has a 50 day moving average price of $106.66 and a 200 day moving average price of $108.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market cap of $62.12 billion, a P/E ratio of 36.40, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio is presently 70.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Barclays reduced their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Company Profile

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.