Emerson Electric Co. $EMR Holdings Raised by Alteri Wealth LLC

Alteri Wealth LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 24.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,064 shares of the industrial products company’s stock after buying an additional 1,003 shares during the period. Alteri Wealth LLC’s holdings in Emerson Electric were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Brighton Jones LLC increased its stake in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. IFP Advisors Inc boosted its stake in Emerson Electric by 98.1% during the 1st quarter. IFP Advisors Inc now owns 22,080 shares of the industrial products company’s stock valued at $2,421,000 after purchasing an additional 10,934 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Emerson Electric by 89.0% during the 1st quarter. J.W. Cole Advisors Inc. now owns 12,628 shares of the industrial products company’s stock valued at $1,385,000 after purchasing an additional 5,946 shares during the period. Lindbrook Capital LLC raised its stake in shares of Emerson Electric by 39.7% in the 1st quarter. Lindbrook Capital LLC now owns 3,023 shares of the industrial products company’s stock worth $331,000 after buying an additional 859 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in shares of Emerson Electric by 109.6% in the first quarter. GW&K Investment Management LLC now owns 545 shares of the industrial products company’s stock valued at $60,000 after buying an additional 285 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on EMR shares. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $149.00.

Emerson Electric Stock Down 0.2%

NYSE:EMR opened at $126.70 on Wednesday. The business’s fifty day moving average price is $131.94 and its 200 day moving average price is $131.11. The firm has a market capitalization of $71.18 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.36 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.555 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.8%. Emerson Electric’s dividend payout ratio (DPR) is 54.95%.

Emerson Electric announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.