Mercer Global Advisors Inc. ADV Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

by · The Cerbat Gem

Mercer Global Advisors Inc. ADV raised its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 459,110 shares of the industrial products company’s stock after acquiring an additional 6,408 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.08% of Emerson Electric worth $50,576,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EMR. Security National Bank purchased a new stake in Emerson Electric during the 4th quarter worth $29,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter valued at approximately $31,000. Burkett Financial Services LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Emerson Electric by 361.5% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.29.

Read Our Latest Research Report on EMR

Emerson Electric Stock Up 1.5 %

EMR stock opened at $103.95 on Wednesday. The firm’s 50-day moving average is $107.55 and its two-hundred day moving average is $109.54. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $59.47 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth 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 – Get Free Report) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.02%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric 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.

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