18,229 Emerson Electric Co. $EMR Shares Bought by Lido Advisors LLC

Lido Advisors LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,499 shares of the industrial products company’s stock after acquiring an additional 18,229 shares during the period. Lido Advisors LLC’s holdings in Emerson Electric were worth $23,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its stake in shares of Emerson Electric by 1.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 59,425 shares of the industrial products company’s stock valued at $9,217,000 after purchasing an additional 592 shares during the period. D Orazio & Associates Inc. lifted its position in shares of Emerson Electric by 3.1% during the 3rd quarter. D Orazio & Associates Inc. now owns 2,655 shares of the industrial products company’s stock worth $412,000 after buying an additional 81 shares during the period. Gen Wealth Partners Inc lifted its position in shares of Emerson Electric by 13.8% during the 3rd quarter. Gen Wealth Partners Inc now owns 3,119 shares of the industrial products company’s stock worth $484,000 after buying an additional 379 shares during the period. 71 West Capital Partners lifted its position in shares of Emerson Electric by 3.0% during the 3rd quarter. 71 West Capital Partners now owns 4,973 shares of the industrial products company’s stock worth $771,000 after buying an additional 144 shares during the period. Finally, Texas Bank & Trust Co boosted its stake in Emerson Electric by 1.9% in the 3rd quarter. Texas Bank & Trust Co now owns 6,031 shares of the industrial products company’s stock valued at $935,000 after buying an additional 114 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on EMR shares. Royal Bank Of Canada upped their price target on Emerson Electric from $188.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. Stephens lifted their price objective on Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Morgan Stanley lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “underweight” rating on the stock in a report on Tuesday, November 3rd. Finally, Rothschild & Co Redburn increased their target price on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.38.

Emerson Electric Stock Down 0.2%

Shares of EMR opened at $167.18 on Thursday. The company has a market capitalization of $91.72 billion, a P/E ratio of 34.98, a PEG ratio of 2.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.70. Emerson Electric Co. has a one year low of $122.64 and a one year high of $172.00. The business’s 50 day simple moving average is $158.89 and its 200-day simple moving average is $147.90.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the prior year, the company earned $1.62 EPS. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 7.37 EPS for the current fiscal 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 issued a dividend of $0.5950 per share. The ex-dividend date is Friday, November 13th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is currently 46.44%.

Emerson Electric 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.