Avidian Wealth Enterprises LLC Has $410,000 Position in Emerson Electric Co. $EMR

Avidian Wealth Enterprises LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,079 shares of the industrial products company’s stock after selling 697 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Emerson Electric were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. North Point Portfolio Managers Corp OH acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $237,000. Bogart Wealth LLC grew its position in shares of Emerson Electric by 14.1% in the 2nd quarter. Bogart Wealth LLC now owns 75,697 shares of the industrial products company’s stock valued at $10,093,000 after purchasing an additional 9,329 shares during the period. Canvas Wealth Advisors LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $179,000. Princeton Global Asset Management LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $38,000. Finally, CORDA Investment Management LLC. acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $1,173,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Daiwa Capital Markets boosted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Wolfe Research reduced their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Trading Down 1.6%

NYSE:EMR opened at $130.00 on Thursday. The company has a market cap of $73.17 billion, a P/E ratio of 27.96, 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. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The business has a 50 day moving average price of $131.78 and a two-hundred day moving average price of $126.39.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The company 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%. As a group, 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. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

Emerson Electric Company 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.