Poplar Forest Capital LLC Has $1.69 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Poplar Forest Capital LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,460 shares of the industrial products company’s stock after selling 2,545 shares during the quarter. Poplar Forest Capital LLC’s holdings in Emerson Electric were worth $1,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at approximately $33,000. Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric in the 3rd quarter worth $43,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 7.8 %

Shares of NYSE:EMR opened at $126.86 on Thursday. The company has a market capitalization of $72.65 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The business’s 50 day simple moving average is $107.50 and its 200 day simple moving average is $109.05. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $127.74.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’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 posted $1.29 earnings per share. On average, research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Increases Dividend

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

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent analyst reports. Oppenheimer lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $127.65.

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.