2,372 Shares in Emerson Electric Co. $EMR Acquired by Childress Capital Advisors LLC

Childress Capital Advisors LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,372 shares of the industrial products company's stock, valued at approximately $316,000.

A number of other institutional investors have also recently made changes to their positions in EMR. Nuveen LLC bought a new position in shares of Emerson Electric in the 1st quarter worth $737,318,000. Pacer Advisors Inc. increased its stake in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after acquiring an additional 2,138,397 shares during the last quarter. Alliancebernstein L.P. increased its stake in Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after acquiring an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after purchasing an additional 1,333,839 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock valued at $1,675,403,000 after purchasing an additional 980,652 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

EMR stock opened at $131.20 on Thursday. The firm's 50-day moving average price is $134.71 and its two-hundred day moving average price is $124.26. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock has a market capitalization of $73.84 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.49 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 EPS. Emerson Electric's revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's payout ratio is 45.38%.

Analysts Set New Price Targets

A number of brokerages have commented on EMR. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Daiwa Capital Markets increased their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $143.76.

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.

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