Beacon Investment Advisory Services Inc. Cuts Stake in Emerson Electric Co. $EMR

Beacon Investment Advisory Services Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,095 shares of the industrial products company’s stock after selling 150 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Emerson Electric were worth $813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Saudi Central Bank acquired a new stake in shares of Emerson Electric during the first quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the first quarter worth $28,000. Finally, Fourth Dimension Wealth LLC lifted its stake 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 worth $29,000 after buying an additional 154 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Daiwa Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Stephens boosted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Bank of America boosted their target price 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.76.

Emerson Electric Trading Down 1.4%

Shares of Emerson Electric stock opened at $130.06 on Friday. The firm has a 50-day simple moving average of $135.87 and a two-hundred day simple moving average of $123.73. The company has a market cap of $73.20 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 2.50 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share 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 revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 earnings per share. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. 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 dividend 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.