Wealthspire Advisors LLC Has $1.94 Million Position in Emerson Electric Co. $EMR

Wealthspire Advisors LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,514 shares of the industrial products company’s stock after purchasing an additional 1,091 shares during the period. Wealthspire Advisors LLC’s holdings in Emerson Electric were worth $1,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. PFS Partners LLC grew its holdings in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Emerson Electric in the second quarter valued at about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 288 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EMR shares. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wolfe Research decreased their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada lowered their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Jefferies Financial Group lowered their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

Emerson Electric Trading Up 1.1%

EMR opened at $128.18 on Thursday. The company’s 50 day moving average price is $131.83 and its two-hundred day moving average price is $131.09. The firm has a market capitalization of $72.01 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

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

Emerson Electric Increases Dividend

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

Emerson Electric declared that its Board of Directors has initiated a share buyback program on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.