2,000 Shares in Emerson Electric Co. $EMR Acquired by Brooktree Capital Management

Brooktree Capital Management purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, Holdings Channel reports. The firm purchased 2,000 shares of the industrial products company’s stock, valued at approximately $267,000.

Several other institutional investors also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. grew its stake in shares of Emerson Electric by 5.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 206,838 shares of the industrial products company’s stock valued at $27,570,000 after buying an additional 11,145 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Emerson Electric by 34.9% in the second quarter. Atlantic Union Bankshares Corp now owns 23,758 shares of the industrial products company’s stock valued at $3,168,000 after acquiring an additional 6,151 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Emerson Electric by 3.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 220,344 shares of the industrial products company’s stock worth $29,379,000 after purchasing an additional 8,092 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Emerson Electric by 1.5% in the 2nd quarter. Moors & Cabot Inc. now owns 92,908 shares of the industrial products company’s stock worth $12,387,000 after purchasing an additional 1,400 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in shares of Emerson Electric by 2.5% in the 2nd quarter. Crestwood Advisors Group LLC now owns 45,536 shares of the industrial products company’s stock worth $6,071,000 after purchasing an additional 1,130 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 3.9%

Shares of EMR opened at $132.42 on Thursday. The company has a market capitalization of $74.53 billion, a P/E ratio of 28.48, a P/E/G ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a 50-day moving average price of $132.48 and a 200 day moving average price of $129.32.

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

Emerson Electric declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EMR shares. Royal Bank Of Canada increased their target price on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Barclays upgraded shares of 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 report on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

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.