DMKC Advisory Services LLC Buys 14,380 Shares of Emerson Electric Co. $EMR

DMKC Advisory Services LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 80.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,320 shares of the industrial products company’s stock after buying an additional 14,380 shares during the quarter. Emerson Electric makes up 2.4% of DMKC Advisory Services LLC’s holdings, making the stock its 12th biggest position. DMKC Advisory Services LLC’s holdings in Emerson Electric were worth $4,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Impact Capital Partners LLC increased its position in Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the period. Dominguez Wealth Management Solutions Inc. lifted its position in shares of Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock worth $3,007,000 after purchasing an additional 84 shares during the period. Opal Wealth Advisors LLC lifted its position in shares of Emerson Electric by 14.1% in the 2nd quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 85 shares during the period. Hohimer Wealth Management LLC raised its stake in Emerson Electric by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock worth $3,066,000 after buying an additional 95 shares during the last quarter. Finally, Clearstead Trust LLC raised its stake in Emerson Electric by 7.4% during the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock worth $154,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.0%

EMR stock opened at $131.20 on Thursday. The company has a market cap of $73.84 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock’s 50 day simple moving average is $134.71 and its 200 day simple moving average is $124.26. 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 (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced 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 dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.76.

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.