JB Capital LLC Purchases 4,657 Shares of Emerson Electric Co. (NYSE:EMR)

JB Capital LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,635 shares of the industrial products company’s stock after buying an additional 4,657 shares during the quarter. JB Capital LLC’s holdings in Emerson Electric were worth $9,694,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EMR. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the third quarter worth about $33,000. Versant Capital Management Inc boosted its holdings in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Emerson Electric during the third quarter worth $43,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EMR. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays raised their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday. KeyCorp upped their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer boosted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada reduced their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Stock Down 1.0 %

Shares of EMR traded down $1.30 during trading hours on Thursday, hitting $125.56. The company had a trading volume of 466,522 shares, compared to its average volume of 2,717,342. Emerson Electric Co. has a one year low of $84.61 and a one year high of $127.74. The company’s fifty day moving average price is $107.50 and its two-hundred day moving average price is $109.05. The company has a market capitalization of $71.91 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

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

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric’s dividend payout ratio is presently 70.47%.

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.