Emerson Electric Co. $EMR Shares Acquired by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 59,139 shares of the industrial products company’s stock after purchasing an additional 898 shares during the period. Woodmont Investment Counsel LLC’s holdings in Emerson Electric were worth $7,885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Impact Capital Partners LLC boosted its holdings in Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares in the last quarter. Beacon Financial Advisory LLC boosted its holdings in Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 77 shares in the last quarter. Dominguez Wealth Management Solutions Inc. boosted its holdings in Emerson Electric by 0.4% in the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after purchasing an additional 84 shares in the last quarter. Opal Wealth Advisors LLC boosted its holdings in Emerson Electric by 14.1% in the second quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 85 shares in the last quarter. Finally, Hohimer Wealth Management LLC boosted its holdings in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after purchasing an additional 95 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.88.

Emerson Electric Price Performance

Emerson Electric stock opened at $134.79 on Monday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. 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 50 day simple moving average of $134.13 and a 200-day simple moving average of $124.73. The stock has a market capitalization of $75.86 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

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

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.