WealthPlan Investment Management LLC Acquires 25,973 Shares of Emerson Electric Co. $EMR

WealthPlan Investment Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 36.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,443 shares of the industrial products company’s stock after buying an additional 25,973 shares during the period. Emerson Electric makes up approximately 0.9% of WealthPlan Investment Management LLC’s portfolio, making the stock its 28th biggest position. WealthPlan Investment Management LLC’s holdings in Emerson Electric were worth $12,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after buying an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. increased its position in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC bought a new stake in Emerson Electric in the 1st quarter valued at about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Emerson Electric by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock valued at $448,053,000 after buying an additional 223,831 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Emerson Electric by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock valued at $415,912,000 after buying an additional 579,653 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $130.08 on Thursday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock’s 50 day moving average price is $132.08 and its 200-day moving average price is $125.54. The company has a market capitalization of $73.21 billion, a PE ratio of 27.98, a PEG ratio of 2.25 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.

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

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. KeyCorp lifted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.56.

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.