Capital Asset Advisory Services LLC Boosts Holdings in Emerson Electric Co. $EMR

Capital Asset Advisory Services LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 1.3% in the second quarter, HoldingsChannel reports. The fund owned 36,305 shares of the industrial products company’s stock after acquiring an additional 456 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Emerson Electric were worth $4,920,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after purchasing an additional 5,504 shares during the last quarter. North Capital Inc. acquired a new stake in Emerson Electric in the 1st quarter valued at about $211,000. Zurich Insurance Group Ltd FI acquired a new stake in Emerson Electric in the 4th quarter valued at about $3,003,000. Golden State Equity Partners purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $459,000. Finally, Truist Financial Corp grew its stake in shares of Emerson Electric by 1.7% in 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 buying an additional 18,069 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $135.19 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The stock has a market capitalization of $76.08 billion, a PE ratio of 29.07, a P/E/G ratio of 2.68 and a beta of 1.30. The firm has a 50 day moving average of $137.38 and a two-hundred day moving average of $122.84.

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, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter last year, the company posted $1.43 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EMR shares. Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.39.

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.