Fifth Third Wealth Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 127.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,442 shares of the industrial products company's stock after acquiring an additional 5,297 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Emerson Electric were worth $1,040,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Accordant Advisory Group Inc bought a new stake in shares of Emerson Electric in the 1st quarter worth $29,000. Security National Bank bought a new position in shares of Emerson Electric in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. boosted its stake in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company's stock worth $31,000 after acquiring an additional 188 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the first quarter worth $31,000. Finally, Burkett Financial Services LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $32,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Up 0.9 %
NYSE:EMR traded up $0.88 during trading hours on Wednesday, reaching $104.00. The company's stock had a trading volume of 2,261,969 shares, compared to its average volume of 2,693,650. 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 company has a market cap of $59.50 billion, a price-to-earnings ratio of 5.56, 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 business's 50-day moving average is $109.90 and its 200-day moving average is $109.74.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 EPS. Equities research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently announced 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 of this dividend is Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.02%. Emerson Electric's dividend payout ratio (DPR) is presently 11.24%.
Analysts Set New Price Targets
A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Loop Capital increased 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. Robert W. Baird lifted their price target on Emerson Electric from $116.00 to $117.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Finally, Oppenheimer reduced their price objective on Emerson Electric from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.33.
View Our Latest Analysis on Emerson Electric
Emerson Electric Profile
(
Free Report)
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.
See Also
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