Coldstream Capital Management Inc. Acquires 214 Shares of Emerson Electric Co. (NYSE:EMR)

Coldstream Capital Management Inc. raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 14,725 shares of the industrial products company’s stock after purchasing an additional 214 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Emerson Electric were worth $1,622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in EMR. Security National Bank purchased a new stake in Emerson Electric in the fourth quarter worth approximately $29,000. Cape Investment Advisory Inc. boosted its stake in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the first quarter worth $31,000. Burkett Financial Services LLC purchased a new stake in Emerson Electric during the fourth quarter valued at $32,000. Finally, Tributary Capital Management LLC purchased a new position in Emerson Electric in the first quarter worth about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $99.90 on Thursday. The firm’s fifty day moving average is $108.12 and its two-hundred day moving average is $109.64. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a market cap of $57.15 billion, a P/E ratio of 5.35, a P/E/G ratio of 1.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.10%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Redburn Atlantic started coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.06.

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.