Morningstar Investment Management LLC Invests $879,000 in Emerson Electric Co. $EMR

Key Points

• Morningstar Investment Management LLC has invested approximately $879,000 in Emerson Electric Co. by acquiring 6,589 shares in the second quarter.
• Emerson Electric announced a quarterly dividend of $0.5275, with an annualized dividend yield of 1.6% and a dividend payout ratio of 45.38%.
• Analysts have rated Emerson Electric with an average rating of "Moderate Buy" and an average target price of $145.56, with major firms adjusting their target prices in recent reports.

Morningstar Investment Management LLC purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,589 shares of the industrial products company's stock, valued at approximately $879,000.

A number of other institutional investors also recently made changes to their positions in EMR. Saudi Central Bank acquired a new position in Emerson Electric in the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric in the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the first quarter valued at $28,000. Fourth Dimension Wealth LLC increased its stake in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in Emerson Electric in the first quarter valued at $36,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $128.31 on Tuesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The business has a 50-day moving average of $132.37 and a 200-day moving average of $125.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $72.21 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. 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 dividend payout ratio is presently 45.38%.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $145.56.

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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