Flagship Harbor Advisors LLC Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Flagship Harbor Advisors LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,247 shares of the industrial products company’s stock after purchasing an additional 111 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Emerson Electric were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allied Investment Advisors LLC raised its stake in shares of Emerson Electric by 3.8% in the 2nd quarter. Allied Investment Advisors LLC now owns 95,399 shares of the industrial products company’s stock valued at $8,623,000 after acquiring an additional 3,461 shares during the period. Czech National Bank lifted its stake in Emerson Electric by 0.5% during the second quarter. Czech National Bank now owns 67,654 shares of the industrial products company’s stock worth $6,115,000 after purchasing an additional 340 shares in the last quarter. Quent Capital LLC boosted its position in shares of Emerson Electric by 48.5% during the second quarter. Quent Capital LLC now owns 1,610 shares of the industrial products company’s stock worth $146,000 after buying an additional 526 shares during the period. Buttonwood Financial Advisors Inc. grew its stake in shares of Emerson Electric by 11.9% in the second quarter. Buttonwood Financial Advisors Inc. now owns 22,672 shares of the industrial products company’s stock valued at $2,049,000 after buying an additional 2,419 shares in the last quarter. Finally, Thomasville National Bank lifted its stake in Emerson Electric by 0.4% during the 2nd quarter. Thomasville National Bank now owns 50,031 shares of the industrial products company’s stock worth $4,522,000 after acquiring an additional 213 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the transaction, the chief marketing officer now owns 11,870 shares in the company, valued at $1,161,598.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the transaction, the vice president now directly owns 51,748 shares in the company, valued at approximately $4,639,208.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Vidya Ramnath sold 2,500 shares of Emerson Electric stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Emerson Electric Stock Performance

NYSE EMR opened at $99.63 on Tuesday. The company has a fifty day moving average of $95.35 and a two-hundred day moving average of $88.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07. Emerson Electric Co. has a 1 year low of $72.40 and a 1 year high of $100.62. The company has a market capitalization of $57.18 billion, a PE ratio of 4.36, a P/E/G ratio of 2.31 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. As a group, analysts expect that Emerson Electric Co. will post 4.44 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.09%. Emerson Electric’s payout ratio is currently 9.09%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $83.00 to $107.00 in a report on Tuesday, August 22nd. Mizuho boosted their price target on shares of Emerson Electric from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Barclays assumed coverage on Emerson Electric in a report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 target price for the company. Finally, Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Monday, August 28th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.67.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.