WBI Investments LLC Has $1.58 Million Holdings in Emerson Electric Co. $EMR

WBI Investments LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 27.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,834 shares of the industrial products company’s stock after selling 4,426 shares during the period. WBI Investments LLC’s holdings in Emerson Electric were worth $1,578,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EMR. Saudi Central Bank bought a new stake in Emerson Electric during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. PFS Partners LLC grew its position in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Emerson Electric during the second quarter worth about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Emerson Electric by 436.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, Daiwa Capital Markets increased their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $149.00.

Emerson Electric Stock Performance

NYSE:EMR opened at $127.03 on Tuesday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business’s fifty day moving average is $132.05 and its 200 day moving average is $130.98. 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 firm has a market cap of $71.36 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.36 and a beta of 1.30.

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

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $0.555 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric declared that its board has approved a share repurchase plan on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.