Proquility Private Wealth Partners LLC Buys 4,663 Shares of Emerson Electric Co. (NYSE:EMR)

Proquility Private Wealth Partners LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,321 shares of the industrial products company's stock after purchasing an additional 4,663 shares during the quarter. Proquility Private Wealth Partners LLC's holdings in Emerson Electric were worth $3,316,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $574,908,000. Swedbank AB raised its holdings in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Perpetual Ltd grew its stake in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. Clean Energy Transition LLP boosted its holdings in shares of Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company's stock valued at $213,817,000 after buying an additional 990,615 shares during the last quarter. Finally, Sarasin & Partners LLP acquired a new stake in Emerson Electric in the third quarter valued at $87,551,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EMR shares. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and cut their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Barclays cut their price target on Emerson Electric from $110.00 to $103.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They set a "buy" rating and a $135.00 target price on the stock. Finally, StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.47.

Emerson Electric Stock Up 1.2 %

Shares of EMR traded up $1.34 on Wednesday, reaching $110.59. The company's stock had a trading volume of 1,649,098 shares, compared to its average volume of 2,712,331. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $105.18 and a 200-day moving average of $109.21. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a market capitalization of $63.27 billion, a PE ratio of 5.94, a PEG ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric's dividend payout ratio is currently 11.24%.

Emerson Electric 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.