Atria Wealth Solutions Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 41.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,743 shares of the industrial products company's stock after selling 14,014 shares during the period. Atria Wealth Solutions Inc.'s holdings in Emerson Electric were worth $2,643,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC grew its holdings in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Finally, PFS Partners LLC grew its holdings in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. 74.30% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on EMR shares. Wolfe Research reduced their target price on Emerson Electric from $173.00 to $172.00 and set an "outperform" rating for the company in a report on Wednesday, October 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wells Fargo & Company reissued an "equal weight" rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $145.56.
View Our Latest Report on EMR
Emerson Electric Trading Up 1.2%
Shares of EMR stock opened at $129.70 on Wednesday. The company has a market capitalization of $73.00 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. 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 Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business's fifty day moving average is $132.16 and its 200 day moving average is $125.51.
Emerson Electric (NYSE:EMR - Get Free Report) last released its 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%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. 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 is currently 45.38%.
About Emerson Electric
(
Free Report)
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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