Wealthcare Advisory Partners LLC Acquires 869 Shares of Emerson Electric Co. $EMR

Wealthcare Advisory Partners LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,133 shares of the industrial products company’s stock after purchasing an additional 869 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Emerson Electric were worth $2,818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $737,318,000. Pacer Advisors Inc. grew its stake in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. raised its holdings in Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock worth $270,672,000 after purchasing an additional 1,693,999 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after buying an additional 1,333,839 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after buying an additional 980,652 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $134.82 on Tuesday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The business’s fifty day simple moving average is $133.84 and its two-hundred day simple moving average is $124.88. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EMR. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday. Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Finally, Stephens increased their target price on 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, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.29.

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.