Emerson Electric Co. $EMR Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 11.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,706 shares of the industrial products company’s stock after selling 625 shares during the period. WBH Advisory Inc.’s holdings in Emerson Electric were worth $627,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Saudi Central Bank purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC boosted its stake 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 worth $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth approximately $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Read Our Latest Report on Emerson Electric

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $130.32 on Tuesday. The stock has a market capitalization of $73.34 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.24 and a beta of 1.29. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $131.90 and a two-hundred day moving average price of $126.32.

Emerson Electric (NYSE:EMRGet Free Report) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion during the quarter. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued 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 dividend payout ratio is currently 45.38%.

Emerson Electric Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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