Focus Partners Wealth Increases Position in Emerson Electric Co. $EMR

Focus Partners Wealth grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% in the 1st quarter, HoldingsChannel reports. The firm owned 162,147 shares of the industrial products company’s stock after acquiring an additional 1,137 shares during the quarter. Focus Partners Wealth’s holdings in Emerson Electric were worth $17,778,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Emerson Electric during the first quarter worth approximately $737,318,000. Pacer Advisors Inc. lifted its position in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after buying an additional 1,333,839 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company’s stock valued at $123,503,000 after buying an additional 1,117,646 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock opened at $135.19 on Friday. The business’s fifty day moving average is $137.38 and its 200 day moving average is $122.82. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $76.08 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.68 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend 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 (DPR) is currently 45.38%.

Analyst Ratings Changes

A number of research firms have issued reports on EMR. Bank of America boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Citigroup boosted their target price 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, JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.