Emerson Electric Co. (NYSE:EMR) Shares Bought by Vest Financial LLC

Vest Financial LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 434,168 shares of the industrial products company's stock after buying an additional 36,211 shares during the quarter. Vest Financial LLC owned about 0.08% of Emerson Electric worth $47,485,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank & Trust Co. VA acquired a new position in shares of Emerson Electric in the 1st quarter valued at $1,011,000. SG Americas Securities LLC increased its position in shares of Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company's stock valued at $9,286,000 after acquiring an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $1,047,000. Farther Finance Advisors LLC lifted its holdings in shares of Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after acquiring an additional 3,060 shares during the last quarter. Finally, Norden Group LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $4,188,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on EMR. Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. Stephens downgraded Emerson Electric from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $135.00 to $120.00 in a research report on Wednesday. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Finally, Barclays cut their target price on shares of Emerson Electric from $110.00 to $103.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.47.

Emerson Electric Stock Down 0.0 %

EMR stock traded down $0.01 during trading on Friday, hitting $110.44. 2,124,052 shares of the company's stock were exchanged, compared to its average volume of 2,706,382. The business has a 50-day moving average price of $105.66 and a two-hundred day moving average price of $109.14. 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 stock has a market capitalization of $63.18 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion during the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

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

About Emerson Electric

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.