Eads & Heald Wealth Management Acquires 405 Shares of Emerson Electric Co. $EMR

Eads & Heald Wealth Management boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,516 shares of the industrial products company’s stock after acquiring an additional 405 shares during the period. Emerson Electric accounts for 1.4% of Eads & Heald Wealth Management’s holdings, making the stock its 18th biggest position. Eads & Heald Wealth Management’s holdings in Emerson Electric were worth $2,735,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EMR. First Horizon Advisors Inc. lifted its position in shares of 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 valued at $23,271,000 after acquiring an additional 5,504 shares during the period. North Capital Inc. bought a new position in Emerson Electric in the first quarter valued at approximately $211,000. Davis Investment Partners LLC bought a new stake in Emerson Electric during the second quarter worth $692,000. Golden State Equity Partners acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $459,000. Finally, Truist Financial Corp raised its holdings in shares of 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 buying an additional 18,069 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on EMR. Citigroup boosted their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, KeyCorp upped their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $144.88.

Emerson Electric Trading Up 1.3%

EMR opened at $134.79 on Monday. The stock has a market cap of $75.86 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. 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 Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a fifty day moving average of $134.13 and a 200-day moving average of $124.73.

Emerson Electric (NYSE:EMR) last announced its 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 return on equity of 14.34% and a net margin of 14.92%.The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 EPS. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given 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 of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is 45.38%.

Emerson Electric 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.