Emerson Electric Co. $EMR Stock Holdings Lifted by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,229 shares of the industrial products company’s stock after acquiring an additional 292 shares during the period. Accurate Wealth Management LLC’s holdings in Emerson Electric were worth $454,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. BNC Wealth Management LLC boosted its holdings in shares of Emerson Electric by 7.3% during the second quarter. BNC Wealth Management LLC now owns 23,478 shares of the industrial products company’s stock worth $3,130,000 after purchasing an additional 1,589 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in shares of Emerson Electric by 57.5% during the second quarter. Compagnie Lombard Odier SCmA now owns 1,370 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 500 shares during the period. Covea Finance boosted its holdings in shares of Emerson Electric by 14.7% during the second quarter. Covea Finance now owns 342,569 shares of the industrial products company’s stock worth $45,675,000 after purchasing an additional 43,809 shares during the period. Unified Investment Management acquired a new stake in shares of Emerson Electric during the second quarter worth approximately $226,000. Finally, Cardinal Capital Management boosted its holdings in shares of Emerson Electric by 2.2% during the second quarter. Cardinal Capital Management now owns 88,954 shares of the industrial products company’s stock worth $11,860,000 after purchasing an additional 1,894 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $130.06 on Friday. The firm has a fifty day simple moving average of $135.87 and a 200-day simple moving average of $123.73. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.50 and a beta of 1.30.

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. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Emerson Electric’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently commented on EMR. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.76.

About Emerson Electric

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.