Arete Wealth Advisors LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Arete Wealth Advisors LLC increased its position in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,480 shares of the industrial products company’s stock after buying an additional 414 shares during the period. Arete Wealth Advisors LLC’s holdings in Emerson Electric were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Interstate Bank lifted its holdings in shares of Emerson Electric by 13.2% during the first quarter. First Interstate Bank now owns 35,669 shares of the industrial products company’s stock worth $3,497,000 after purchasing an additional 4,149 shares during the period. Richard C. Young & CO. LTD. increased its position in shares of Emerson Electric by 50.3% during the first quarter. Richard C. Young & CO. LTD. now owns 85,516 shares of the industrial products company’s stock worth $8,385,000 after purchasing an additional 28,619 shares in the last quarter. Grimes & Company Inc. boosted its stake in Emerson Electric by 6.8% during the first quarter. Grimes & Company Inc. now owns 165,100 shares of the industrial products company’s stock worth $16,188,000 after buying an additional 10,555 shares during the last quarter. SouthState Corp boosted its stake in Emerson Electric by 1.5% during the first quarter. SouthState Corp now owns 48,819 shares of the industrial products company’s stock worth $4,787,000 after buying an additional 700 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Emerson Electric by 7.2% during the first quarter. Quadrant Capital Group LLC now owns 6,841 shares of the industrial products company’s stock worth $671,000 after buying an additional 458 shares during the last quarter. Institutional investors own 73.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EMR. Deutsche Bank Aktiengesellschaft lowered their price objective on Emerson Electric from $110.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. JPMorgan Chase & Co. began coverage on Emerson Electric in a research note on Thursday, July 7th. They set a “neutral” rating and a $80.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 12th. Citigroup decreased their price target on Emerson Electric from $119.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 17th. Finally, Credit Suisse Group set a $107.00 price target on Emerson Electric in a research note on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.50.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $90.39 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.68. Emerson Electric Co. has a fifty-two week low of $76.16 and a fifty-two week high of $105.99. The firm has a market capitalization of $53.69 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.41. The stock’s 50-day simple moving average is $84.02 and its 200-day simple moving average is $89.58.

Emerson Electric (NYSE:EMRGet Rating) last issued its earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.11. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the company earned $0.97 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.05 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is 43.10%.

Emerson Electric Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

See Also

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

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