Armstrong Henry H Associates Inc. Purchases 185 Shares of Emerson Electric Co. (NYSE:EMR)

Armstrong Henry H Associates Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,669 shares of the industrial products company’s stock after acquiring an additional 185 shares during the quarter. Armstrong Henry H Associates Inc.’s holdings in Emerson Electric were worth $514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Emerson Electric by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after buying an additional 62,105 shares in the last quarter. Norges Bank bought a new position in Emerson Electric in the fourth quarter valued at approximately $764,604,000. Charles Schwab Investment Management Inc. lifted its stake in Emerson Electric by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock valued at $308,934,000 after buying an additional 60,990 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Emerson Electric by 219.2% in the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $3.88 on Friday, hitting $109.21. The company had a trading volume of 3,194,669 shares, compared to its average volume of 2,268,351. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The stock has a market cap of $62.48 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 1.93 and a beta of 1.32. The stock has a 50 day moving average price of $111.33 and a 200 day moving average price of $109.00. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. Analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EMR. Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Finally, Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $123.88.

Emerson Electric Company 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.