NorthRock Partners LLC Boosts Position in Emerson Electric Co. $EMR

NorthRock Partners LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 2.4% during the 2nd quarter, Holdings Channel reports. The fund owned 7,288 shares of the industrial products company’s stock after acquiring an additional 168 shares during the period. NorthRock Partners LLC’s holdings in Emerson Electric were worth $972,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after acquiring an additional 5,504 shares during the last quarter. Davis Investment Partners LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at $692,000. North Capital Inc. acquired a new stake in shares of Emerson Electric during the first quarter valued at $211,000. Golden State Equity Partners acquired a new stake in shares of Emerson Electric during the first quarter valued at $459,000. Finally, Truist Financial Corp boosted its stake in shares of Emerson Electric by 1.7% during the first 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. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup upped 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. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Jefferies Financial Group dropped their target price 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. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, KeyCorp upped their target price on 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, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $129.70 on Wednesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The business has a 50-day moving average of $132.16 and a 200-day moving average of $125.51. 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 company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.23 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

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.