Emerson Electric Co. (NYSE:EMR) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its stake in Emerson Electric Co. (NYSE:EMR) by 1.4% in the second quarter, HoldingsChannel reports. The firm owned 459,110 shares of the industrial products company’s stock after purchasing an additional 6,408 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Emerson Electric were worth $50,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EMR. Wealth Alliance acquired a new position in shares of Emerson Electric in the second quarter worth about $212,000. L & S Advisors Inc acquired a new position in Emerson Electric in the 2nd quarter worth approximately $2,393,000. Axxcess Wealth Management LLC grew its position in Emerson Electric by 8.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 48,596 shares of the industrial products company’s stock worth $5,353,000 after purchasing an additional 3,840 shares in the last quarter. Connors Investor Services Inc. raised its stake in Emerson Electric by 3.9% during the 2nd quarter. Connors Investor Services Inc. now owns 133,408 shares of the industrial products company’s stock valued at $14,696,000 after purchasing an additional 5,067 shares during the period. Finally, Perennial Investment Advisors LLC acquired a new stake in shares of Emerson Electric in the second quarter worth $226,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EMR. Royal Bank of Canada reduced their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Oppenheimer decreased their price target on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays cut their price objective 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $103.95 on Wednesday. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm has a fifty day simple moving average of $107.55 and a 200-day simple moving average of $109.54. 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 $59.47 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly 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. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate 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 was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. On average, sell-side analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.02%. Emerson Electric’s dividend payout ratio is 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.