AE Wealth Management LLC Increases Stake in Emerson Electric Company (EMR)

AE Wealth Management LLC boosted its stake in shares of Emerson Electric Company (NYSE:EMR) by 26.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,084 shares of the industrial products company’s stock after buying an additional 3,989 shares during the period. AE Wealth Management LLC’s holdings in Emerson Electric were worth $1,142,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Somerset Trust Co increased its position in shares of Emerson Electric by 2.2% in the first quarter. Somerset Trust Co now owns 21,828 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 474 shares in the last quarter. Benedict Financial Advisors Inc. increased its position in shares of Emerson Electric by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 46,836 shares of the industrial products company’s stock worth $2,804,000 after buying an additional 262 shares in the last quarter. Viking Fund Management LLC increased its position in shares of Emerson Electric by 50.0% in the first quarter. Viking Fund Management LLC now owns 51,000 shares of the industrial products company’s stock worth $3,053,000 after buying an additional 17,000 shares in the last quarter. Princeton Alpha Management LP bought a new position in shares of Emerson Electric during the first quarter worth approximately $461,000. Finally, Pinnacle Financial Partners Inc. increased its position in shares of Emerson Electric by 10.4% in the first quarter. Pinnacle Financial Partners Inc. now owns 61,784 shares of the industrial products company’s stock worth $3,698,000 after buying an additional 5,844 shares in the last quarter. 69.42% of the stock is owned by institutional investors.

Shares of Emerson Electric Company (EMR) opened at 58.00 on Friday. The firm has a 50-day moving average price of $59.85 and a 200-day moving average price of $59.81. The stock has a market cap of $37.12 billion, a PE ratio of 25.88 and a beta of 1.20. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.31%. Emerson Electric’s dividend payout ratio is currently 85.33%.

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A number of brokerages have recently commented on EMR. BidaskClub downgraded Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. Cowen and Company reaffirmed a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a report on Tuesday, May 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Finally, JMP Securities began coverage on Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.14.

Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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