Simplicity Wealth LLC Purchases 8,141 Shares of Emerson Electric Co. $EMR

Simplicity Wealth LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 62.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,172 shares of the industrial products company’s stock after buying an additional 8,141 shares during the quarter. Simplicity Wealth LLC’s holdings in Emerson Electric were worth $2,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Saudi Central Bank bought a new position in shares of Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in Emerson Electric during the first quarter valued at $28,000. Fourth Dimension Wealth LLC grew its stake in shares of Emerson Electric by 145.3% in the first 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, Garde Capital Inc. bought a new position in shares of Emerson Electric during the first quarter valued at $36,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $134.79 on Monday. The company has a 50 day moving average price of $134.13 and a 200-day moving average price of $124.73. 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 fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market capitalization of $75.86 billion, a PE ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted 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 period in the prior year, the company earned $1.43 earnings per share. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend 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 presently 45.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EMR shares. Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Daiwa Capital Markets upped 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. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target 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.