Realta Investment Advisors Decreases Holdings in Emerson Electric Co. $EMR

Realta Investment Advisors decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,818 shares of the industrial products company’s stock after selling 498 shares during the period. Realta Investment Advisors’ holdings in Emerson Electric were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Impact Capital Partners LLC increased its stake in Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares in the last quarter. Dominguez Wealth Management Solutions Inc. increased its stake in Emerson Electric by 0.4% during the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after purchasing an additional 84 shares in the last quarter. Opal Wealth Advisors LLC increased its stake in Emerson Electric by 14.1% during the 2nd quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 85 shares in the last quarter. Hohimer Wealth Management LLC increased its stake in Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after purchasing an additional 95 shares in the last quarter. Finally, Mechanics Financial Corp increased its stake in Emerson Electric by 1.1% during the 2nd quarter. Mechanics Financial Corp now owns 8,362 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.3%

EMR stock opened at $134.79 on Friday. The firm has a market cap of $75.86 billion, a PE ratio of 28.99, a P/E/G ratio of 2.37 and a beta of 1.29. 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 firm’s fifty day moving average is $134.13 and its 200 day moving average is $124.64. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. KeyCorp upped their price target 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. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.88.

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.