Vestmark Advisory Solutions Inc. Invests $614,000 in Emerson Electric Co. $EMR

Vestmark Advisory Solutions Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,608 shares of the industrial products company’s stock, valued at approximately $614,000.

Other large investors have also added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $27,000. PFS Partners LLC increased its position in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the period. Princeton Global Asset Management LLC bought a new position in Emerson Electric in the second quarter worth about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Emerson Electric by 436.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after buying an additional 288 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $129.55 on Wednesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a market capitalization of $72.91 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The firm has a 50 day moving average of $132.30 and a 200 day moving average of $130.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 54.95%.

Emerson Electric declared that its board has initiated a stock buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Daiwa Capital Markets raised their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $148.56.

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.