Aprio Wealth Management LLC Makes New $280,000 Investment in Emerson Electric Co. $EMR

Key Points

• Aprio Wealth Management LLC has acquired a new stake in Emerson Electric Co., purchasing 2,556 shares valued at approximately $280,000.
• Emerson Electric reported earnings of $1.52 per share for the latest quarter, beating estimates, with revenue of $4.55 billion, marking a 3.9% year-over-year increase.
• The company recently announced a quarterly dividend of $0.5275 to be paid on September 10th, representing an annual yield of 1.6%.

Aprio Wealth Management LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,556 shares of the industrial products company's stock, valued at approximately $280,000.

Several other hedge funds have also recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. raised its holdings in Emerson Electric by 86.8% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 383,493 shares of the industrial products company's stock worth $42,046,000 after buying an additional 178,232 shares during the period. Promethium Advisors LLC raised its holdings in Emerson Electric by 9.9% during the 1st quarter. Promethium Advisors LLC now owns 8,185 shares of the industrial products company's stock worth $897,000 after buying an additional 740 shares during the period. Paragon Private Wealth Management LLC raised its holdings in Emerson Electric by 7.7% during the 1st quarter. Paragon Private Wealth Management LLC now owns 2,360 shares of the industrial products company's stock worth $259,000 after buying an additional 168 shares during the period. First Manhattan CO. LLC. raised its holdings in Emerson Electric by 52.2% during the 1st quarter. First Manhattan CO. LLC. now owns 11,785 shares of the industrial products company's stock worth $1,292,000 after buying an additional 4,043 shares during the period. Finally, GW Henssler & Associates Ltd. raised its holdings in Emerson Electric by 3.7% during the 1st quarter. GW Henssler & Associates Ltd. now owns 169,706 shares of the industrial products company's stock worth $18,607,000 after buying an additional 6,016 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.3%

EMR traded up $1.67 during trading on Wednesday, reaching $133.72. 680,162 shares of the stock were exchanged, compared to its average volume of 3,115,285. The stock has a market cap of $75.26 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock's 50 day moving average price is $137.50 and its two-hundred day moving average price is $122.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's payout ratio is 45.38%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Citigroup lifted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

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.