Todays Report: Today, Financial Advisory Group Raises its position in Emerson Electric Co. (EMR) as a favorable investment target.

Today, Financial Advisory Group Raises its position in Emerson Electric Co. (EMR) as a favorable investment target.

Financial Advisory Group increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,355 shares of the company’s stock after buying an additional 80 shares during the period. Financial Advisory Group’s holdings in Emerson Electric were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Capital World Investors raised its stake in Emerson Electric by 58.3% in the second quarter. Capital World Investors now owns 9,500,000 shares of the company’s stock worth $495,520,000 after buying an additional 3,500,000 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Emerson Electric by 867.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,445,599 shares of the company’s stock valued at $75,402,000 after buying an additional 1,296,200 shares during the period. Vanguard Group Inc. raised its stake in Emerson Electric by 3.3% in the second quarter. Vanguard Group Inc. now owns 39,936,101 shares of the company’s stock valued at $2,083,068,000 after buying an additional 1,270,315 shares during the period. Prudential Financial Inc. raised its stake in Emerson Electric by 128.6% in the second quarter. Prudential Financial Inc. now owns 2,090,364 shares of the company’s stock valued at $109,033,000 after buying an additional 1,176,016 shares during the period. Finally, APG Asset Management N.V. raised its stake in Emerson Electric by 67.9% in the third quarter. APG Asset Management N.V. now owns 2,369,159 shares of the company’s stock valued at $129,143,000 after buying an additional 958,100 shares during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Shares of Emerson Electric Co. (NYSE:EMR) traded up 1.31% during trading on Thursday, reaching $55.06. 2,574,973 shares of the company were exchanged. The stock’s 50 day moving average is $51.93 and its 200 day moving average is $52.76. The company has a market capitalization of $35.39 billion, a price-to-earnings ratio of 21.85 and a beta of 1.14. Emerson Electric Co. has a 1-year low of $41.25 and a 1-year high of $56.82.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be issued a dividend of $0.48 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, November 8th. Emerson Electric’s dividend payout ratio is currently 76.19%.

Several equities research analysts have commented on the stock. Buckingham Research lowered shares of Emerson Electric from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $49.00 to $44.00 in a research note on Friday, August 19th. Credit Suisse Group AG lowered shares of Emerson Electric from an “outperform” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Friday, August 19th. They noted that the move was a valuation call. Berenberg Bank assumed coverage on shares of Emerson Electric in a research note on Monday, October 3rd. They issued a “sell” rating and a $41.00 price objective for the company. Deutsche Bank AG reiterated a “hold” rating and issued a $53.00 price objective on shares of Emerson Electric in a research note on Thursday, August 25th. Finally, Vetr lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating and set a $47.31 price objective for the company. in a research note on Monday, October 3rd. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price of $51.75.

Emerson Electric Company Profile

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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