Nicholson Wealth Management Group LLC Increases Stock Position in Emerson Electric Co. $EMR

Nicholson Wealth Management Group LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,735 shares of the industrial products company’s stock after buying an additional 476 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Emerson Electric were worth $1,698,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC lifted its holdings in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Finally, PFS Partners LLC lifted its holdings in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Citigroup lifted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. KeyCorp lifted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Jefferies Financial Group cut their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday. Two 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 company. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Stock Performance

Shares of EMR stock opened at $129.34 on Friday. The company’s fifty day moving average price is $131.93 and its two-hundred day moving average price is $125.80. The firm has a market capitalization of $72.79 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.23 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company 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%. On average, research analysts anticipate 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. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s payout ratio is presently 45.38%.

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.