BNC Wealth Management LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

BNC Wealth Management LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, Holdings Channel.com reports. The firm bought 18,698 shares of the industrial products company’s stock, valued at approximately $2,045,000.

Other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric during the first quarter worth $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $33,000. Versant Capital Management Inc increased its holdings in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Emerson Electric during the third quarter valued at approximately $43,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EMR. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. KeyCorp upped their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. One 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 MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Price Performance

Shares of EMR opened at $126.86 on Thursday. The company has a 50 day moving average of $107.50 and a two-hundred day moving average of $109.05. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $127.74. The company has a market cap of $72.65 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS. As a group, analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 70.47%.

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.