Perfromance Wealth Partners LLC Acquires New Holdings in Emerson Electric Co. $EMR

Perfromance Wealth Partners LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,573 shares of the industrial products company’s stock, valued at approximately $210,000.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in 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 worth $23,271,000 after acquiring an additional 5,504 shares during the period. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric during the 2nd quarter valued at $692,000. North Capital Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $211,000. Golden State Equity Partners bought a new stake in shares of Emerson Electric during the 1st quarter valued at $459,000. Finally, Truist Financial Corp raised 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 valued at $118,259,000 after purchasing an additional 18,069 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on EMR shares. Bank of America raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.56.

Emerson Electric Price Performance

Emerson Electric stock opened at $128.31 on Tuesday. The firm has a 50-day moving average price of $132.37 and a 200-day moving average price of $125.48. The firm has a market capitalization of $72.21 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. 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 (DPR) 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.