Accretive Wealth Partners LLC Buys Shares of 2,048 Emerson Electric Co. (NYSE:EMR)

Key Points

• Accretive Wealth Partners LLC has acquired a new position in Emerson Electric Co., purchasing 2,048 shares valued at approximately $220,000.
• Emerson Electric's stock was recently raised to a "strong-buy" rating by TD Cowen, with multiple analysts issuing price upgrades, reflecting positive sentiment towards the company.
• The company has declared a quarterly dividend of $0.5275, with a current annualized dividend yield of 1.41% and a payout ratio of 50.48%.

Accretive Wealth Partners LLC acquired a new stake 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 acquired 2,048 shares of the industrial products company's stock, valued at approximately $220,000.

Several other large investors have also recently made changes to their positions in EMR. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric in the fourth quarter worth about $28,000. Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter worth approximately $30,000. Finally, Inlight Wealth Management LLC bought a new stake in Emerson Electric during the 1st quarter valued at $28,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.5%

NYSE:EMR traded down $0.79 during trading hours on Wednesday, hitting $146.82. The company had a trading volume of 1,873,033 shares, compared to its average volume of 3,053,297. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company has a market capitalization of $82.58 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.29. The stock has a 50-day moving average price of $132.01 and a 200 day moving average price of $120.79. 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 released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.28.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric 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.