Wealth Alliance Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Wealth Alliance bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,921 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other large investors also recently modified their holdings of EMR. American National Bank & Trust Co. VA bought a new stake in shares of Emerson Electric in the first quarter valued at $1,011,000. Exencial Wealth Advisors LLC raised its stake in Emerson Electric by 17.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after acquiring an additional 7,358 shares during the period. SG Americas Securities LLC lifted its holdings in Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in Emerson Electric during the first quarter worth about $1,047,000. Finally, Farther Finance Advisors LLC raised its position in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $105.16 on Friday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The firm’s fifty day moving average price is $107.04 and its 200-day moving average price is $109.44. The stock has a market cap of $60.16 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Royal Bank of Canada dropped their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Finally, Robert W. Baird raised their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.29.

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.