Soltis Investment Advisors LLC Raises Stake in Emerson Electric Co. $EMR

Soltis Investment Advisors LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 17.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,128 shares of the industrial products company’s stock after buying an additional 466 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Emerson Electric were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EMR. Impact Capital Partners LLC raised its stake in shares of Emerson Electric by 3.9% during the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Emerson Electric by 1.7% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after buying an additional 71 shares during the last quarter. Jag Capital Management LLC lifted its stake in shares of Emerson Electric by 1.9% in the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after acquiring an additional 72 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 77 shares during the period. Finally, Petros Family Wealth LLC raised its holdings in Emerson Electric by 0.9% during the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 80 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 1.7%

Shares of NYSE EMR opened at $129.27 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm’s 50-day moving average is $132.37 and its two-hundred day moving average is $129.56. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market capitalization of $72.75 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The firm 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%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s payout ratio is currently 54.95%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. Barclays increased their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday. Jefferies Financial Group reduced their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Daiwa Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Wolfe Research reduced their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.61.

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.