Baird Financial Group Inc. Reduces Holdings in Emerson Electric Co. $EMR

Baird Financial Group Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 658,640 shares of the industrial products company’s stock after selling 5,478 shares during the quarter. Baird Financial Group Inc.’s holdings in Emerson Electric were worth $87,816,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of Emerson Electric by 4.8% in the second quarter. First Trust Advisors LP now owns 547,369 shares of the industrial products company’s stock worth $72,981,000 after buying an additional 25,005 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in Emerson Electric during the 2nd quarter worth about $202,000. Kennedy Capital Management LLC purchased a new stake in Emerson Electric during the 2nd quarter valued at about $205,000. EverSource Wealth Advisors LLC raised its stake in shares of Emerson Electric by 21.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,112 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 738 shares during the last quarter. Finally, Trek Financial LLC lifted its holdings in shares of Emerson Electric by 7.3% during the second quarter. Trek Financial LLC now owns 9,595 shares of the industrial products company’s stock worth $1,279,000 after purchasing an additional 654 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.3%

EMR stock opened at $134.83 on Thursday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41. The firm has a market cap of $75.81 billion, a P/E ratio of 33.37, a PEG ratio of 2.15 and a beta of 1.26. The company’s 50-day simple moving average is $131.40 and its 200-day simple moving average is $132.16.

Emerson Electric (NYSE:EMR) last released its quarterly 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 15.87% and a net margin of 12.73%.The company had revenue of $3.16 billion during the quarter. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. This is an increase 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 purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on EMR shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Jefferies Financial Group reduced their target price on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a report on Friday, November 21st. Wolfe Research boosted their target price on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. lowered their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $147.67.

Emerson Electric 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.