Emerson Electric Co. $EMR Shares Purchased by Petros Family Wealth LLC

Petros Family Wealth LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,319 shares of the industrial products company’s stock after purchasing an additional 80 shares during the period. Emerson Electric accounts for 1.1% of Petros Family Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Petros Family Wealth LLC’s holdings in Emerson Electric were worth $1,243,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the 1st quarter worth $28,000. Fourth Dimension Wealth LLC lifted its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter worth $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Daiwa Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Stock Performance

NYSE:EMR opened at $134.79 on Monday. The company has a market capitalization of $75.86 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve 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. The firm has a 50-day moving average price of $134.13 and a two-hundred day moving average price of $124.73.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. 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 payout ratio is 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.