Emerson Electric Co. $EMR Shares Purchased by Balboa Wealth Partners

Balboa Wealth Partners lifted its position in Emerson Electric Co. (NYSE:EMR) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,635 shares of the industrial products company’s stock after purchasing an additional 483 shares during the quarter. Balboa Wealth Partners’ holdings in Emerson Electric were worth $351,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after purchasing an additional 5,504 shares during the period. Davis Investment Partners LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at about $692,000. North Capital Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $211,000. Golden State Equity Partners acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $459,000. Finally, Truist Financial Corp raised its stake in Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock valued at $118,259,000 after acquiring an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on EMR. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Royal Bank Of Canada upped their price objective on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group reduced their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Stock Performance

Shares of EMR stock opened at $130.32 on Tuesday. The company has a market cap of $73.34 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. The stock has a 50 day simple moving average of $131.90 and a 200-day simple moving average of $126.32. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. 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 (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 45.38%.

Emerson Electric 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.