JB Capital LLC Grows Stock Position in Emerson Electric Co. $EMR

JB Capital LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,407 shares of the industrial products company’s stock after buying an additional 6,936 shares during the period. Emerson Electric makes up about 0.6% of JB Capital LLC’s holdings, making the stock its 29th biggest position. JB Capital LLC’s holdings in Emerson Electric were worth $14,090,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Impact Capital Partners LLC boosted its holdings in shares of Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 71 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 71 shares in the last quarter. Jag Capital Management LLC increased its position in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 72 shares during the period. Beacon Financial Advisory LLC raised its stake in shares of Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after buying an additional 77 shares in the last quarter. Finally, Revolve Wealth Partners LLC lifted its holdings in shares of Emerson Electric by 3.5% in the 3rd quarter. Revolve Wealth Partners LLC now owns 2,308 shares of the industrial products company’s stock valued at $303,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $135.34 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $76.10 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26. The firm has a 50-day moving average price of $133.24 and a two-hundred day moving average price of $134.16. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The business had revenue of $3.16 billion for the quarter. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric announced that its Board of Directors has approved a share repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada cut their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Wolfe Research upped their price target on shares of Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Barclays boosted their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $145.00 target price on shares of Emerson Electric in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $149.06.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.