Mirabaud & Cie SA Purchases New Shares in Emerson Electric Co. $EMR

Mirabaud & Cie SA purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,330 shares of the industrial products company’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Orion Capital Management LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $25,000. Saudi Central Bank acquired a new stake in Emerson Electric during the 1st quarter valued at $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $28,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on EMR. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.39.

Emerson Electric Stock Down 1.7%

NYSE:EMR opened at $135.19 on Monday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $76.08 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.63 and a beta of 1.30. The stock’s fifty day simple moving average is $137.38 and its 200-day simple moving average is $122.86.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is 45.38%.

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.