Accurate Investment Solutions Inc. grew its holdings in Emerson Electric Co. (NYSE:EMR) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,511 shares of the industrial products company’s stock after purchasing an additional 1,171 shares during the period. Emerson Electric comprises 3.2% of Accurate Investment Solutions Inc.’s portfolio, making the stock its 11th largest holding. Accurate Investment Solutions Inc.’s holdings in Emerson Electric were worth $4,447,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP increased its stake in shares of Emerson Electric by 20.9% during the first quarter. First Trust Advisors LP now owns 1,172,848 shares of the industrial products company’s stock worth $80,305,000 after purchasing an additional 202,641 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of Emerson Electric by 8.5% during the first quarter. State of Wisconsin Investment Board now owns 834,498 shares of the industrial products company’s stock worth $57,138,000 after purchasing an additional 65,312 shares in the last quarter. Wesleyan Assurance Society acquired a new position in Emerson Electric during the first quarter worth about $7,153,000. State of Tennessee Treasury Department boosted its position in Emerson Electric by 15.7% during the first quarter. State of Tennessee Treasury Department now owns 214,802 shares of the industrial products company’s stock worth $14,707,000 after acquiring an additional 29,121 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Emerson Electric by 10.2% during the first quarter. Commonwealth Equity Services LLC now owns 433,854 shares of the industrial products company’s stock worth $29,706,000 after acquiring an additional 40,327 shares during the last quarter. Institutional investors own 70.52% of the company’s stock.
EMR traded up $1.40 on Thursday, reaching $65.02. 2,413,644 shares of the company’s stock were exchanged, compared to its average volume of 3,382,411. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85. The stock has a market cap of $39.64 billion, a PE ratio of 19.24, a P/E/G ratio of 2.08 and a beta of 1.37. The stock’s fifty day moving average price is $62.61 and its 200-day moving average price is $65.02. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $75.99.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the consensus estimate of $0.94. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. Emerson Electric’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. As a group, research analysts predict that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.49 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.96 annualized dividend and a yield of 3.01%. Emerson Electric’s payout ratio is 57.99%.
A number of research firms recently weighed in on EMR. Wolfe Research set a $72.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, September 26th. Credit Suisse Group lowered their price target on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Citigroup lowered their price target on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Stephens set a $71.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Morgan Stanley lowered their price target on shares of Emerson Electric from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $72.21.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
Recommended Story: Dollar Cost Averaging
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.