Baird Financial Group Inc. Buys 11,621 Shares of Emerson Electric Company (EMR)

Baird Financial Group Inc. raised its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 555,537 shares of the industrial products company’s stock after buying an additional 11,621 shares during the period. Baird Financial Group Inc. owned approximately 0.09% of Emerson Electric worth $33,254,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. First Command Financial Services Inc. boosted its stake in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares in the last quarter. Central Bank & Trust Co. boosted its stake in shares of Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $194,000. Milestone Group Inc. purchased a new stake in shares of Emerson Electric during the first quarter valued at $201,000. Finally, Wedgewood Investors Inc. PA purchased a new stake in shares of Emerson Electric during the first quarter valued at $204,000. 69.42% of the stock is currently owned by institutional investors.

Shares of Emerson Electric Company (NYSE EMR) traded down 0.50% on Friday, hitting $58.00. The stock had a trading volume of 2,063,512 shares. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The stock has a 50 day moving average price of $59.85 and a 200-day moving average price of $59.81. The company has a market cap of $37.12 billion, a price-to-earnings ratio of 25.88 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, equities analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

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Several equities research analysts have weighed in on EMR shares. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Zacks Investment Research cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Berenberg Bank restated a “sell” rating and set a $53.00 price objective on shares of Emerson Electric in a research note on Friday, August 11th. Finally, Cowen and Company restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus price target of $58.14.

About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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