HTG Investment Advisors Inc. Buys Shares of 1,541 Emerson Electric Co. $EMR

HTG Investment Advisors Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,541 shares of the industrial products company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. First Horizon Advisors Inc. raised its stake in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after buying an additional 5,504 shares during the period. North Capital Inc. bought a new stake in Emerson Electric in the 1st quarter valued at about $211,000. Davis Investment Partners LLC purchased a new stake in Emerson Electric during the second quarter valued at about $692,000. Golden State Equity Partners bought a new position in Emerson Electric during the first quarter worth about $459,000. Finally, Truist Financial Corp increased its stake in shares of Emerson Electric by 1.7% in the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after purchasing an additional 18,069 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $134.82 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $133.84 and a 200 day simple moving average of $124.88. The stock has a market cap of $75.88 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion for 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%. Emerson Electric’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday. Finally, Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $144.29.

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.