Emerson Electric Co. $EMR is Vest Financial LLC’s 10th Largest Position

Vest Financial LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 27.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 540,453 shares of the industrial products company’s stock after purchasing an additional 115,098 shares during the period. Emerson Electric makes up approximately 1.0% of Vest Financial LLC’s holdings, making the stock its 10th largest holding. Vest Financial LLC’s holdings in Emerson Electric were worth $72,059,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EMR. Impact Capital Partners LLC grew its position in shares of 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 grew its position in shares of 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. Petros Family Wealth LLC grew its position in shares of Emerson Electric by 0.9% in the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after purchasing an additional 80 shares in the last quarter. Orca Investment Management LLC boosted its stake in Emerson Electric by 2.0% during the second quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock valued at $559,000 after buying an additional 81 shares during the period. Finally, Dominguez Wealth Management Solutions Inc. boosted its stake in Emerson Electric by 0.4% during 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 buying an additional 84 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. 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 research note on Monday, October 6th. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Bank of America lifted 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 analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

Emerson Electric Trading Down 4.2%

Shares of EMR stock opened at $125.99 on Monday. 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 moving average price of $132.66 and a two-hundred day moving average price of $125.34. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market cap of $70.91 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s payout ratio is currently 45.38%.

Emerson Electric Company 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.