Centennial Wealth Advisory LLC Acquires 189 Shares of Emerson Electric Co. (NYSE:EMR)

Centennial Wealth Advisory LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,856 shares of the industrial products company’s stock after purchasing an additional 189 shares during the period. Centennial Wealth Advisory LLC’s holdings in Emerson Electric were worth $354,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter valued at $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $29,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth about $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $124.81 on Thursday. The company has a 50 day moving average price of $126.93 and a 200-day moving average price of $116.61. Emerson Electric Co. has a 52 week low of $93.03 and a 52 week high of $134.85. The firm has a market capitalization of $71.08 billion, a PE ratio of 36.50, a P/E/G ratio of 2.22 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on EMR. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.45.

About Emerson Electric

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.