Cantor Fitzgerald Investment Advisors L.P. Increases Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Cantor Fitzgerald Investment Advisors L.P. increased its stake in Emerson Electric Co. by 2.7%, now owning 166,539 shares valued at approximately $22.2 million.
• Several institutional investors have boosted their positions in Emerson Electric, with 74.30% of the stock currently held by these investors and hedge funds.
• Emerson Electric's stock has recently received positive analyst attention, moving from an "underweight" to an "equal weight" rating, and has a consensus target price of $143.76.

Cantor Fitzgerald Investment Advisors L.P. raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,539 shares of the industrial products company's stock after purchasing an additional 4,336 shares during the quarter. Emerson Electric comprises approximately 1.6% of Cantor Fitzgerald Investment Advisors L.P.'s holdings, making the stock its 13th biggest holding. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Emerson Electric were worth $22,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Impact Capital Partners LLC lifted its position in Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company's stock worth $255,000 after buying an additional 71 shares in the last quarter. Dominguez Wealth Management Solutions Inc. raised its stake in shares of Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock valued at $3,007,000 after acquiring an additional 84 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in shares of Emerson Electric by 14.1% in the second quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company's stock worth $91,000 after buying an additional 85 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in Emerson Electric by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after acquiring an additional 95 shares during the period. Finally, Clearstead Trust LLC boosted its stake in Emerson Electric by 7.4% during the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 97 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EMR shares. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Daiwa Capital Markets upped their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.76.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $131.20 on Thursday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a market cap of $73.84 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The business has a fifty day moving average of $134.71 and a 200-day moving average of $124.26.

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

Emerson Electric Announces Dividend

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 $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.