37,574 Shares in Emerson Electric Co. $EMR Purchased by Leo Wealth LLC

Key Points

• Leo Wealth LLC acquired 37,574 shares of Emerson Electric Co., valued at approximately $5,010,000, during the second quarter.
• Emerson Electric reported a quarterly earnings per share of $1.52, slightly exceeding analyst expectations of $1.51, with a revenue of $4.55 billion for the quarter.
• The company recently announced a quarterly dividend of $0.5275 per share, with a dividend yield of 1.6% and a payout ratio of 45.38%.

Leo Wealth LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,574 shares of the industrial products company's stock, valued at approximately $5,010,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after purchasing an additional 5,504 shares during the period. North Capital Inc. purchased a new stake in Emerson Electric during the 1st quarter worth about $211,000. Davis Investment Partners LLC purchased a new stake in Emerson Electric during the 2nd quarter worth about $692,000. Golden State Equity Partners purchased a new stake in Emerson Electric during the 1st quarter worth about $459,000. Finally, Truist Financial Corp increased its holdings in Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after purchasing an additional 18,069 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Up 1.2%

NYSE:EMR opened at $133.10 on Thursday. The stock's 50 day moving average price is $133.25 and its 200 day moving average price is $124.98. The company has a market capitalization of $74.91 billion, a PE ratio of 28.62, a P/E/G ratio of 2.29 and a beta of 1.29. 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 52-week low of $90.06 and a 52-week high of $150.27.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were 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 was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Emerson Electric in a report on Wednesday. Wells Fargo & Company reiterated an "equal weight" rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $144.29.

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.

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