Wakefield Asset Management LLLP Invests $412,000 in Emerson Electric Co. $EMR

Wakefield Asset Management LLLP acquired a new position in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,088 shares of the industrial products company’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Investment Partners LLC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at about $692,000. CORDA Investment Management LLC. purchased a new position in shares of Emerson Electric in the 2nd quarter valued at about $1,173,000. Capital Management Associates Inc purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $337,000. Boyd Watterson Asset Management LLC OH increased its stake in shares of Emerson Electric by 13.8% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock valued at $1,877,000 after purchasing an additional 2,071 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Emerson Electric by 1.6% in the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after purchasing an additional 11,097 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Trading Up 2.2%

Shares of Emerson Electric stock opened at $139.83 on Monday. The stock has a market cap of $78.70 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29. The stock’s 50 day simple moving average is $132.26 and its 200-day simple moving average is $128.74. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

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.