REAP Financial Group LLC Has $238,000 Position in Emerson Electric Co. $EMR

REAP Financial Group LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 19.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,783 shares of the industrial products company’s stock after acquiring an additional 291 shares during the quarter. REAP Financial Group LLC’s holdings in Emerson Electric were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EMR. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC boosted its position in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after buying an additional 154 shares during the last quarter. Finally, Garde Capital Inc. purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $36,000. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on EMR shares. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Stock Performance

NYSE:EMR opened at $131.40 on Wednesday. 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 business has a fifty day simple moving average of $133.51 and a two-hundred day simple moving average of $124.93. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a market capitalization of $73.95 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.34 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is 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.