7,315 Shares in Emerson Electric Co. $EMR Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,315 shares of the industrial products company’s stock, valued at approximately $1,167,000.

A number of other large investors also recently modified their holdings of the business. Cullinan Associates Inc. boosted its position in shares of Emerson Electric by 7.3% in the third quarter. Cullinan Associates Inc. now owns 52,330 shares of the industrial products company’s stock valued at $8,116,000 after acquiring an additional 3,580 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in Emerson Electric during the third quarter worth $203,000. StoneX Group Inc. raised its stake in Emerson Electric by 29.3% during the 3rd quarter. StoneX Group Inc. now owns 26,058 shares of the industrial products company’s stock valued at $4,028,000 after purchasing an additional 5,907 shares during the last quarter. Leelyn Smith LLC raised its stake in Emerson Electric by 6.1% during the 3rd quarter. Leelyn Smith LLC now owns 1,959 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 112 shares during the last quarter. Finally, Formidable Asset Management LLC raised its stake in Emerson Electric by 3.7% during the 3rd quarter. Formidable Asset Management LLC now owns 5,724 shares of the industrial products company’s stock valued at $819,000 after purchasing an additional 205 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of several research analyst reports. Stephens raised their price target on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $177.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. Rothschild & Co Redburn increased their target price on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Stock Up 4.4%

Shares of EMR stock opened at $169.56 on Tuesday. The stock has a market cap of $94.97 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Emerson Electric Co. has a one year low of $122.64 and a one year high of $172.00. The stock has a fifty day moving average price of $158.19 and a 200 day moving average price of $147.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.66.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 earnings per share. Analysts predict that Emerson Electric Co. will post 7.34 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be given a dividend of $0.5950 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date is Friday, November 13th. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is presently 46.44%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.