Sciencast Management LP Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Sciencast Management LP purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,491 shares of the industrial products company’s stock, valued at approximately $760,000.

A number of other large investors also recently bought and sold shares of EMR. RB Capital Management LLC increased its stake in Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after buying an additional 155 shares during the period. Fairfield Bush & CO. acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $116,000. Prudential PLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $1,215,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Emerson Electric by 17.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC boosted its holdings in shares of Emerson Electric by 31.8% in the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after buying an additional 931 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Emerson Electric Stock Down 0.4 %

NYSE EMR opened at $99.26 on Tuesday. The company’s 50 day simple moving average is $95.35 and its 200 day simple moving average is $88.21. The company has a market capitalization of $56.97 billion, a P/E ratio of 4.36, a PEG ratio of 2.32 and a beta of 1.39. 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 12 month low of $72.40 and a 12 month high of $100.62.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Thursday, August 10th. Emerson Electric’s payout ratio is presently 9.09%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho lifted their price target on shares of Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $83.00 to $107.00 in a research report on Tuesday, August 22nd. Stephens reiterated an “overweight” rating and issued a $120.00 price objective on shares of Emerson Electric in a research report on Monday, August 7th. StockNews.com initiated coverage on shares of Emerson Electric in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.67.

About Emerson Electric

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.