Arkadios Wealth Advisors Has $261,000 Stake in Emerson Electric Co. (NYSE:EMR)

Arkadios Wealth Advisors increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,369 shares of the industrial products company’s stock after acquiring an additional 288 shares during the quarter. Arkadios Wealth Advisors’ holdings in Emerson Electric were worth $261,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Gilbert & Cook Inc. increased its position in Emerson Electric by 4.8% during the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock worth $422,000 after buying an additional 199 shares during the period. Mission Wealth Management LP increased its position in Emerson Electric by 47.0% during the fourth quarter. Mission Wealth Management LP now owns 3,529 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 1,129 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in Emerson Electric by 28.1% in the 4th quarter. Great Valley Advisor Group Inc. now owns 16,454 shares of the industrial products company’s stock valued at $1,602,000 after purchasing an additional 3,611 shares during the period. Fisher Asset Management LLC grew its position in shares of Emerson Electric by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 215,711 shares of the industrial products company’s stock worth $20,995,000 after purchasing an additional 5,408 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Emerson Electric by 0.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 627,353 shares of the industrial products company’s stock worth $61,060,000 after purchasing an additional 2,568 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $105.39 on Friday. The stock has a market capitalization of $60.29 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The business’s 50 day simple moving average is $109.40 and its two-hundred day simple moving average is $109.88.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the business posted $1.29 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. Oppenheimer decreased their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Mizuho upped their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Loop Capital raised their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $125.18.

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.