Ritholtz Wealth Management Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Ritholtz Wealth Management lifted its stake in Emerson Electric Co. (NYSE:EMR) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,003 shares of the industrial products company’s stock after purchasing an additional 888 shares during the period. Ritholtz Wealth Management’s holdings in Emerson Electric were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new stake in Emerson Electric in the first quarter worth about $31,000. Security National Bank purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $35,000. Cape Investment Advisory Inc. raised its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in Emerson Electric during the first quarter valued at $36,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $105.39 on Tuesday. The firm has a market capitalization of $60.29 billion, a PE ratio of 5.64, a P/E/G ratio of 1.75 and a beta of 1.32. The company has a 50 day moving average price of $109.32 and a 200-day moving average price of $109.94. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. As a group, equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. Wells Fargo & Company reduced their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Mizuho upped their price objective 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. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $125.18.

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.