1 North Wealth Services LLC Has $192,000 Stock Holdings in Emerson Electric Co. $EMR

1 North Wealth Services LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,441 shares of the industrial products company’s stock after selling 270 shares during the period. 1 North Wealth Services LLC’s holdings in Emerson Electric were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% during 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 during the 1st quarter valued at $36,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EMR. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Daiwa Capital Markets upped their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Stephens upped 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. Finally, Citigroup upped their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.29.

Emerson Electric Price Performance

EMR stock opened at $131.40 on Wednesday. The stock has a 50-day moving average price of $133.51 and a two-hundred day moving average price of $124.93. The stock has a market cap of $73.95 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. Equities analysts forecast 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. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) 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.