Kingsview Wealth Management LLC Increases Stock Holdings in Emerson Electric Co. $EMR

Kingsview Wealth Management LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 205.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,976 shares of the industrial products company’s stock after purchasing an additional 55,116 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Emerson Electric were worth $10,930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Saudi Central Bank purchased a new position in shares of Emerson Electric during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric in the 1st quarter worth approximately $27,000. PFS Partners LLC raised its position 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. Princeton Global Asset Management LLC bought a new stake in shares of Emerson Electric during the 2nd quarter worth $38,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Emerson Electric by 436.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 288 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EMR shares. Royal Bank Of Canada reduced their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wolfe Research reduced their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Finally, Daiwa Capital Markets boosted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned 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 $149.00.

Emerson Electric Price Performance

EMR opened at $127.48 on Friday. The stock’s 50 day moving average price is $132.16 and its 200-day moving average price is $130.65. The stock has a market capitalization of $71.62 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last posted 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. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

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

Emerson Electric declared that its board has authorized a stock repurchase plan on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.