Beverly Hills Private Wealth LLC Lowers Stake in Emerson Electric Co. $EMR

Beverly Hills Private Wealth LLC lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,551 shares of the industrial products company’s stock after selling 262 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Emerson Electric were worth $340,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at about $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 valued at $29,000 after buying an additional 154 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Jefferies Financial Group lowered their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. 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, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Stock Performance

Emerson Electric stock opened at $130.32 on Tuesday. The stock has a 50 day moving average of $131.90 and a 200-day moving average of $126.32. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The stock has a market cap of $73.34 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 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.