Allworth Financial LP Has $3.11 Million Position in Emerson Electric Co. $EMR

Allworth Financial LP increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,289 shares of the industrial products company’s stock after acquiring an additional 2,550 shares during the period. Allworth Financial LP’s holdings in Emerson Electric were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric during the first quarter worth about $27,000. PFS Partners LLC lifted its holdings in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 288 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $132.40 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a fifty day moving average of $132.35 and a 200-day moving average of $130.33. The firm has a market capitalization of $74.51 billion, a P/E ratio of 28.47, a P/E/G ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion during the quarter. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric announced that its board has approved a stock buyback plan on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $0.555 dividend. The ex-dividend date is Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio is currently 54.95%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wolfe Research dropped their target price on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

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.