Comprehensive Financial Consultants Institutional Inc. Acquires 135 Shares of Emerson Electric Co. $EMR

Comprehensive Financial Consultants Institutional Inc. boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,026 shares of the industrial products company’s stock after buying an additional 135 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Emerson Electric were worth $1,337,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its holdings 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 during the last quarter. North Capital Inc. bought a new position in Emerson Electric during the 1st quarter worth approximately $211,000. Davis Investment Partners LLC bought a new position in Emerson Electric during the 2nd quarter worth approximately $692,000. Golden State Equity Partners bought a new position in Emerson Electric during the 1st quarter worth approximately $459,000. Finally, Truist Financial Corp raised its holdings 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 during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Stephens raised 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 report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Daiwa Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $144.88.

Emerson Electric Price Performance

EMR opened at $134.79 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $75.86 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. The firm’s fifty day moving average price is $134.13 and its two-hundred day moving average price is $124.73. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share 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 paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is presently 45.38%.

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.