WealthPlan Investment Management LLC Boosts Stock Holdings in Emerson Electric Co. $EMR

WealthPlan Investment Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,443 shares of the industrial products company’s stock after purchasing an additional 25,973 shares during the period. Emerson Electric comprises approximately 0.9% of WealthPlan Investment Management LLC’s portfolio, making the stock its 28th biggest holding. WealthPlan Investment Management LLC’s holdings in Emerson Electric were worth $12,859,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Saudi Central Bank purchased a new position in Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC raised its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares during the period. Finally, Garde Capital Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Wolfe Research lowered their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Finally, Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.56.

Emerson Electric Stock Up 0.2%

EMR opened at $130.08 on Thursday. The stock has a market cap of $73.21 billion, a PE ratio of 27.98, a P/E/G ratio of 2.25 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 52 week low of $90.06 and a 52 week high of $150.27. The business’s fifty day simple moving average is $132.08 and its 200 day simple moving average is $125.54.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 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.