Advocate Group LLC Boosts Stock Position in Emerson Electric Co. $EMR

Key Points

• Advocate Group LLC increased its stake in Emerson Electric Co. by 3.6% during the 2nd quarter, bringing its total shares to 79,237 and valuing the position at approximately $10.57 million.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, translating to an annualized yield of 1.7%.
• Wall Street analysts have mixed views on Emerson Electric, with a consensus average price target of $144.29 and ratings ranging from Strong Buy to Sell.

Advocate Group LLC increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,237 shares of the industrial products company's stock after buying an additional 2,770 shares during the period. Emerson Electric accounts for about 1.9% of Advocate Group LLC's holdings, making the stock its 12th largest holding. Advocate Group LLC's holdings in Emerson Electric were worth $10,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC boosted its stake in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in Emerson Electric during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $125.99 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock's fifty day moving average is $132.66 and its 200 day moving average is $125.25. The stock has a market cap of $70.91 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business 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%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.7%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EMR shares. Wells Fargo & Company restated an "equal weight" rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Daiwa Capital Markets raised their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.29.

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.

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