Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Wealth Enhancement Advisory Services LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 19.1% during the third quarter, Holdings Channel reports. The institutional investor owned 353,051 shares of the industrial products company’s stock after buying an additional 56,659 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Emerson Electric were worth $38,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Chatham Capital Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter worth $218,000. LVW Advisors LLC grew its stake in shares of Emerson Electric by 55.5% during the first quarter. LVW Advisors LLC now owns 4,238 shares of the industrial products company’s stock worth $481,000 after acquiring an additional 1,512 shares during the last quarter. Aviance Capital Partners LLC acquired a new position in shares of Emerson Electric during the first quarter valued at about $706,000. Diversified Trust Co boosted its stake in Emerson Electric by 0.9% in the 1st quarter. Diversified Trust Co now owns 22,611 shares of the industrial products company’s stock worth $2,565,000 after purchasing an additional 207 shares in the last quarter. Finally, BKM Wealth Management LLC grew its position in Emerson Electric by 14.6% during the 1st quarter. BKM Wealth Management LLC now owns 10,747 shares of the industrial products company’s stock worth $1,219,000 after purchasing an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several research reports. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Stock Down 0.1 %

Shares of EMR opened at $108.13 on Friday. The firm has a market cap of $61.93 billion, a P/E ratio of 36.29, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The stock’s 50 day moving average is $106.19 and its two-hundred day moving average is $109.00. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is 70.47%.

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.