Regal Investment Advisors LLC Boosts Position in Emerson Electric Co. (EMR)

Regal Investment Advisors LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 65.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,707 shares of the industrial products company’s stock after purchasing an additional 32,201 shares during the quarter. Emerson Electric makes up approximately 1.3% of Regal Investment Advisors LLC’s portfolio, making the stock its 15th largest position. Regal Investment Advisors LLC’s holdings in Emerson Electric were worth $6,257,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EMR. Fisher Asset Management LLC lifted its stake in Emerson Electric by 24.0% in the second quarter. Fisher Asset Management LLC now owns 5,716 shares of the industrial products company’s stock valued at $395,000 after acquiring an additional 1,105 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Emerson Electric by 33.4% in the second quarter. Capital Investment Advisors LLC now owns 5,554 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 1,391 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Emerson Electric by 11.6% in the second quarter. Xact Kapitalforvaltning AB now owns 147,603 shares of the industrial products company’s stock valued at $10,205,000 after acquiring an additional 15,294 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Emerson Electric in the second quarter valued at approximately $1,014,000. Finally, Bremer Trust National Association lifted its stake in Emerson Electric by 31.4% in the second quarter. Bremer Trust National Association now owns 8,915 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 2,129 shares during the last quarter. Institutional investors and hedge funds own 70.33% of the company’s stock.

In related news, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total transaction of $475,804.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock worth $7,317,004 in the last ninety days. 0.79% of the stock is currently owned by insiders.

A number of research firms have issued reports on EMR. Barclays lifted their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Monday, August 6th. UBS Group lifted their target price on shares of Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research report on Wednesday, September 19th. Finally, ValuEngine lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.30.

NYSE:EMR opened at $68.49 on Friday. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70. The company has a market capitalization of $43.91 billion, a PE ratio of 22.47, a PEG ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.07.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same period in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts predict that Emerson Electric Co. will post 3.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s payout ratio is 57.40%.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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