Crumly & Associates Inc. Acquires New Holdings in Emerson Electric Co. (NYSE:EMR)

Crumly & Associates Inc. acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,089 shares of the industrial products company’s stock, valued at approximately $228,000.

Several other hedge funds have also bought and sold shares of EMR. Newport Trust Company LLC bought a new stake in shares of Emerson Electric during the second quarter valued at about $574,908,000. Legal & General Group Plc lifted its position in Emerson Electric by 5.2% in the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after purchasing an additional 224,784 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Emerson Electric by 3.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after purchasing an additional 88,294 shares in the last quarter. Finally, Swedbank AB grew its stake in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Barclays lifted their target price on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday. KeyCorp lifted their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.65.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Up 0.1 %

Shares of Emerson Electric stock opened at $127.26 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a 50-day simple moving average of $108.39 and a 200-day simple moving average of $109.30. The firm has a market cap of $72.88 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $85.00 and a 52-week high of $128.56.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

About Emerson Electric

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.