Emerson Electric Co. $EMR Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,774 shares of the industrial products company’s stock after acquiring an additional 1,483 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Emerson Electric were worth $1,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the 1st quarter worth $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter worth $27,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth $28,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $132.14 on Wednesday. The business has a 50-day moving average of $137.50 and a 200 day moving average of $122.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $74.37 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The business 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 business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EMR shares. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.39.

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.