Argent Capital Management LLC Has $9.56 Million Position in Emerson Electric Co. $EMR

Key Points

• Argent Capital Management LLC significantly increased its stake in Emerson Electric Co. by 1,087% during Q2, owning 71,685 shares valued at approximately $9.56 million.
• Emerson Electric recently received multiple analyst upgrades, with Barclays raising its price target from $125 to $127 and Citigroup increasing its target from $146 to $165, reflecting a strong buy sentiment.
• The company's quarterly earnings report showed an EPS of $1.52, slightly surpassing expectations, and it declared a quarterly dividend of $0.5275 per share, resulting in a dividend yield of 1.6%.

Argent Capital Management LLC raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 1,087.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,685 shares of the industrial products company's stock after buying an additional 65,646 shares during the period. Argent Capital Management LLC's holdings in Emerson Electric were worth $9,558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Dominguez Wealth Management Solutions Inc. grew its position in shares of Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock valued at $3,007,000 after buying an additional 84 shares during the last quarter. Opal Wealth Advisors LLC grew its position in shares of Emerson Electric by 14.1% in the 2nd quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company's stock valued at $91,000 after buying an additional 85 shares during the last quarter. Hohimer Wealth Management LLC grew its position in shares of Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after buying an additional 95 shares during the last quarter. Clearstead Trust LLC grew its position in shares of Emerson Electric by 7.4% in the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock valued at $154,000 after buying an additional 97 shares during the last quarter. Finally, One Wealth Advisors LLC grew its holdings in Emerson Electric by 5.7% during the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after acquiring an additional 99 shares during the period. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Up 0.4%

Shares of EMR stock opened at $132.88 on Tuesday. The company has a 50 day moving average of $136.49 and a 200-day moving average of $123.49. 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 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market cap of $74.78 billion, a P/E ratio of 28.58, a PEG ratio of 2.51 and a beta of 1.30.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

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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