Stratos Wealth Partners LTD. lifted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,965 shares of the industrial products company’s stock after acquiring an additional 319 shares during the period. Stratos Wealth Partners LTD.’s holdings in Emerson Electric were worth $2,529,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Emerson Electric by 6.9% during 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 purchasing an additional 980,652 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Emerson Electric by 19.5% during the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after purchasing an additional 1,499,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Emerson Electric by 9.3% during 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 purchasing an additional 611,105 shares during the last quarter. Nuveen LLC acquired a new stake in Emerson Electric during the 1st quarter valued at $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Emerson Electric by 5.8% during 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 purchasing an additional 223,831 shares during the last quarter. 74.30% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on EMR. Jefferies Financial Group cut their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Citigroup raised their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.28.
Emerson Electric Stock Up 0.3%
EMR stock opened at $129.34 on Monday. The company has a market cap of $72.79 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. The business has a 50-day simple moving average of $131.93 and a 200 day simple moving average of $126.07. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. 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 – Get Free Report) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s payout ratio is 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.
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