FSM Wealth Advisors LLC Buys Shares of 2,042 Emerson Electric Co. (NYSE:EMR)

FSM Wealth Advisors LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,042 shares of the industrial products company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in Emerson Electric in the third quarter valued at about $43,000. Impax Asset Management Group plc boosted its stake in shares of Emerson Electric by 16.7% during the 3rd quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock worth $11,751,000 after acquiring an additional 15,340 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Emerson Electric by 31.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 10,742 shares of the industrial products company’s stock worth $1,173,000 after acquiring an additional 2,582 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Emerson Electric by 19.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 266,556 shares of the industrial products company’s stock worth $29,153,000 after acquiring an additional 44,102 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Emerson Electric by 14.2% during the 3rd quarter. National Pension Service now owns 1,590,154 shares of the industrial products company’s stock worth $173,915,000 after acquiring an additional 197,865 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EMR. Barclays decreased their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company cut their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Royal Bank of Canada cut their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.53.

Emerson Electric Stock Up 7.2 %

NYSE EMR opened at $117.67 on Wednesday. The firm has a market cap of $67.39 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.61. The stock’s 50 day simple moving average is $107.04 and its 200 day simple moving average is $108.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last released its quarterly 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 business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.79%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) 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.