Belpointe Asset Management LLC Reduces Stock Holdings in Emerson Electric Co. $EMR

Belpointe Asset Management LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,294 shares of the industrial products company’s stock after selling 99 shares during the period. Belpointe Asset Management LLC’s holdings in Emerson Electric were worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Emerson Electric by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after acquiring an additional 611,105 shares during the last quarter. Nuveen LLC purchased a new position in shares of Emerson Electric during the first quarter worth approximately $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Emerson Electric by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Emerson Electric by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after acquiring an additional 579,653 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EMR. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday. Finally, Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $144.29.

Emerson Electric Price Performance

Emerson Electric stock opened at $125.99 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. 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 business has a fifty day moving average of $132.66 and a two-hundred day moving average of $125.17. The company has a market cap of $70.91 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is currently 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.