Emerson Electric Co. $EMR Shares Purchased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,735 shares of the industrial products company’s stock after buying an additional 476 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Emerson Electric were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Brighton Jones LLC raised its stake in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after acquiring an additional 4,850 shares during the period. GAMMA Investing LLC raised its stake in Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after acquiring an additional 1,479 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Emerson Electric by 15.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 347,763 shares of the industrial products company’s stock worth $38,129,000 after acquiring an additional 46,998 shares during the period. Mission Wealth Management LP raised its stake in Emerson Electric by 29.1% during the first quarter. Mission Wealth Management LP now owns 2,101 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 473 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its stake in Emerson Electric by 47.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,220 shares of the industrial products company’s stock worth $793,000 after acquiring an additional 2,309 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group decreased their target price 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. Finally, KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Trading Up 0.3%

Shares of NYSE:EMR opened at $129.34 on Friday. The company has a 50 day moving average of $131.93 and a 200-day moving average of $125.80. The firm has a market cap of $72.79 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.23 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. 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 issued its quarterly earnings results 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 during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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%.

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.