Prime Capital Investment Advisors LLC Reduces Holdings in Emerson Electric Co. $EMR

Prime Capital Investment Advisors LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 17.8% during the 2nd quarter, Holdings Channel reports. The firm owned 34,908 shares of the industrial products company’s stock after selling 7,545 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Emerson Electric were worth $4,654,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in shares of Emerson Electric during the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Finally, PFS Partners LLC boosted its position in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. Stephens lifted their price target 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. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Two 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. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $144.29.

Emerson Electric Trading Up 0.0%

NYSE:EMR opened at $134.82 on Tuesday. 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. 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 company’s 50 day moving average price is $133.84 and its 200-day moving average price is $124.88. 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 quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced 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 was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 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.