Claris Advisors LLC MO Has $519,000 Holdings in Emerson Electric Co. $EMR

Claris Advisors LLC MO trimmed its position in Emerson Electric Co. (NYSE:EMR) by 36.8% in the second quarter, HoldingsChannel.com reports. The firm owned 3,892 shares of the industrial products company’s stock after selling 2,266 shares during the period. Claris Advisors LLC MO’s holdings in Emerson Electric were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EMR. First Horizon Advisors Inc. lifted its holdings 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 acquiring an additional 5,504 shares during the period. North Capital Inc. bought a new position in Emerson Electric during the first quarter worth about $211,000. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $692,000. Golden State Equity Partners acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $459,000. Finally, Truist Financial Corp lifted its position in shares of Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $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.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. KeyCorp lifted their target price 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. Finally, Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.76.

Emerson Electric Stock Up 0.5%

NYSE:EMR opened at $129.22 on Tuesday. The company has a market cap of $72.73 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock’s fifty day moving average price is $135.29 and its two-hundred day moving average price is $124.16. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last released its earnings results 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 return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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