Van ECK Associates Corp Acquires 2,016,075 Shares of Emerson Electric Co. (NYSE:EMR)

Van ECK Associates Corp boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 107.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,896,889 shares of the industrial products company's stock after buying an additional 2,016,075 shares during the quarter. Van ECK Associates Corp owned approximately 0.68% of Emerson Electric worth $422,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Thrive Wealth Management LLC boosted its holdings in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company's stock valued at $255,000 after purchasing an additional 91 shares during the period. LCM Capital Management Inc boosted its holdings in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company's stock valued at $748,000 after purchasing an additional 91 shares during the period. Sabal Trust CO boosted its holdings in Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company's stock valued at $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC boosted its holdings in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 94 shares during the period. Finally, PFG Advisors lifted its holdings in shares of Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company's stock worth $294,000 after acquiring an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a "buy" rating and a $135.00 target price on the stock. Oppenheimer lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Barclays decreased 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 report on Thursday, August 8th. Robert W. Baird lifted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target on shares of Emerson Electric from $137.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.47.

Emerson Electric Trading Up 0.2 %

Shares of EMR traded up $0.19 on Friday, reaching $108.46. 1,853,615 shares of the company's stock were exchanged, compared to its average volume of 2,134,427. 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 $62.12 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The business has a 50 day moving average price of $106.66 and a two-hundred day moving average price of $108.85. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.44 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. Emerson Electric's revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, August 16th. Emerson Electric's payout ratio is presently 70.47%.

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.