Phoenix Financial Ltd. Has $1.31 Million Position in Emerson Electric Co. $EMR

Phoenix Financial Ltd. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 24.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,795 shares of the industrial products company’s stock after selling 3,214 shares during the period. Phoenix Financial Ltd.’s holdings in Emerson Electric were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after buying an additional 5,504 shares in the last quarter. Davis Investment Partners LLC acquired a new position in Emerson Electric during the second quarter valued at approximately $692,000. North Capital Inc. acquired a new position in Emerson Electric during the first quarter valued at approximately $211,000. Golden State Equity Partners acquired a new position in Emerson Electric during the first quarter valued at approximately $459,000. Finally, Truist Financial Corp raised its position in Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock valued at $118,259,000 after purchasing an additional 18,069 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on EMR shares. Stephens boosted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Wolfe Research lowered their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Stock Performance

NYSE EMR opened at $132.29 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market cap of $74.45 billion, a PE ratio of 28.45, a PEG ratio of 2.25 and a beta of 1.29. The firm’s fifty day moving average price is $131.88 and its two-hundred day moving average price is $126.36.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 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.