Brighton Jones LLC Acquires 761 Shares of Emerson Electric Co. $EMR

Brighton Jones LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.0% in the 2nd quarter, Holdings Channel reports. The firm owned 11,648 shares of the industrial products company’s stock after buying an additional 761 shares during the period. Brighton Jones LLC’s holdings in Emerson Electric were worth $1,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. First Horizon Advisors Inc. increased its holdings in shares of Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after buying an additional 5,504 shares in the last quarter. Davis Investment Partners LLC acquired a new position in shares of Emerson Electric during the second quarter worth $692,000. North Capital Inc. acquired a new position in shares of Emerson Electric during the first quarter worth $211,000. CORDA Investment Management LLC. acquired a new position in shares of Emerson Electric during the second quarter worth $1,173,000. Finally, Truist Financial Corp increased its holdings in shares of Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after buying an additional 18,069 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Friday. Royal Bank Of Canada increased their price objective on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Wolfe Research decreased their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $132.81 on Monday. 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 business has a 50-day moving average price of $131.77 and a two-hundred day moving average price of $127.30. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market cap of $74.75 billion, a P/E ratio of 28.56, a PEG ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share 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 during the quarter. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

About Emerson Electric

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.