Drucker Wealth 3.0 LLC Makes New Investment in Emerson Electric Co. $EMR

Drucker Wealth 3.0 LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, Holdings Channel reports. The firm acquired 6,900 shares of the industrial products company’s stock, valued at approximately $965,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Saudi Central Bank bought a new stake in shares of Emerson Electric in the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric in the first quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC increased its holdings in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $36,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. KeyCorp upped their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Daiwa Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Finally, Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.29.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $125.99 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a market cap of $70.91 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $132.66 and a 200-day simple moving average of $125.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion during the quarter. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

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.