Elevation Point Wealth Partners LLC Decreases Position in Emerson Electric Co. $EMR

Elevation Point Wealth Partners LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 25.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,972 shares of the industrial products company’s stock after selling 1,386 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Emerson Electric were worth $530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Assetmark Inc. lifted its stake in Emerson Electric by 19.9% in the 1st quarter. Assetmark Inc. now owns 10,453 shares of the industrial products company’s stock valued at $1,146,000 after buying an additional 1,738 shares in the last quarter. Federated Hermes Inc. increased its position in Emerson Electric by 4,551.3% during the first quarter. Federated Hermes Inc. now owns 173,121 shares of the industrial products company’s stock worth $18,981,000 after buying an additional 169,399 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Emerson Electric in the first quarter worth $161,000. Finally, Vestcor Inc lifted its position in shares of Emerson Electric by 1.9% in the first quarter. Vestcor Inc now owns 15,366 shares of the industrial products company’s stock valued at $1,685,000 after acquiring an additional 286 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $134.03 on Friday. The company has a market cap of $75.30 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.36 and a beta of 1.30. The firm’s 50 day moving average is $131.35 and its two-hundred day moving average is $131.84. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two 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) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) 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%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric declared that its board has approved a stock buyback plan on Wednesday, November 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 54.95%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada dropped their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Jefferies Financial Group reduced their price target on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Emerson Electric Company 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.