Arkadios Wealth Advisors Increases Stake in Emerson Electric Co. $EMR

Arkadios Wealth Advisors increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 49.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,440 shares of the industrial products company’s stock after purchasing an additional 5,414 shares during the quarter. Arkadios Wealth Advisors’ holdings in Emerson Electric were worth $2,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after purchasing an additional 5,504 shares in the last quarter. Davis Investment Partners LLC acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $692,000. North Capital Inc. acquired a new stake in Emerson Electric during the 1st quarter worth approximately $211,000. CORDA Investment Management LLC. acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $1,173,000. Finally, Truist Financial Corp increased its position in 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 worth $118,259,000 after purchasing an additional 18,069 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $136.90 on Friday. The company has a market cap of $77.05 billion, a PE ratio of 29.44, a P/E/G ratio of 2.36 and a beta of 1.29. The company has a fifty day moving average price of $132.14 and a two-hundred day moving average price of $128.06. 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 Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 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%. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

Several analysts have issued reports on EMR shares. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.28.

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.