Today, Jacobs & Co. CA decides to keep it stake in Emerson Electric Co. (EMR) to the level of $2,386,000

Today, Jacobs & Co. CA decides to keep it stake in Emerson Electric Co. (EMR) to the level of $2,386,000

Jacobs & Co. CA decreased its position in Emerson Electric Co. (NYSE:EMR) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 43,772 shares of the company’s stock after selling 62 shares during the period. Jacobs & Co. CA’s holdings in Emerson Electric were worth $2,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&R Capital Management Inc. acquired a new position in shares of Emerson Electric during the second quarter worth about $103,000. Arcadia Investment Management Corp MI raised its stake in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Emerson Electric during the second quarter valued at $128,000. Integrated Investment Consultants LLC raised its stake in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares during the period. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock valued at $132,000 after buying an additional 1,200 shares during the period. Institutional investors own 70.10% of the company’s stock.

Shares of Emerson Electric Co. (NYSE:EMR) traded up 0.33% on Friday, reaching $55.24. The company’s stock had a trading volume of 802,124 shares. The company has a market cap of $35.51 billion, a P/E ratio of 21.92 and a beta of 1.14. Emerson Electric Co. has a 52-week low of $41.25 and a 52-week high of $56.82. The company has a 50 day moving average price of $51.93 and a 200 day moving average price of $52.78.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.48%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 8th. Emerson Electric’s dividend payout ratio (DPR) is presently 76.19%.

Several analysts have recently weighed in on EMR shares. Vetr lowered Emerson Electric from a “sell” rating to a “strong sell” rating and set a $45.32 price objective for the company. in a report on Tuesday, November 1st. Deutsche Bank AG restated a “hold” rating on shares of Emerson Electric in a report on Thursday, September 15th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Emerson Electric in a report on Monday, September 26th. Morgan Stanley restated a “hold” rating and issued a $50.00 price objective on shares of Emerson Electric in a report on Monday, August 29th. Finally, Berenberg Bank started coverage on Emerson Electric in a report on Monday, October 3rd. They issued a “sell” rating and a $41.00 price objective for the company. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.75.

About Emerson Electric

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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