JGP Wealth Management LLC Raises Position in Emerson Electric Co. $EMR

JGP Wealth Management LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 29.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,161 shares of the industrial products company’s stock after acquiring an additional 1,165 shares during the quarter. JGP Wealth Management LLC’s holdings in Emerson Electric were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Saudi Central Bank purchased a new position in shares of Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth $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 acquiring an additional 154 shares during the last quarter. Finally, PFS Partners LLC lifted its stake 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 buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $129.70 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company has a market cap of $73.00 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.23 and a beta of 1.29. The firm’s fifty day moving average is $132.16 and its two-hundred day moving average is $125.51. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results 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 for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is 45.38%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Finally, 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 research note on Thursday, August 7th. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.56.

About Emerson Electric

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.