Axxcess Wealth Management LLC Purchases 3,595 Shares of Emerson Electric Co. $EMR

Key Points

• Axxcess Wealth Management LLC increased its stake in Emerson Electric Co. by 7.9%, holding a total of 49,222 shares valued at approximately $6.56 million after acquiring an additional 3,595 shares in the second quarter.
• Emerson Electric's stock has a current market cap of $72.21 billion and recently opened at $128.31, with analysts giving it an average price target of $145.56 and an overall rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.5275 per share, yielding about 1.6%, with a dividend payout ratio of 45.38%.

Axxcess Wealth Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,222 shares of the industrial products company's stock after purchasing an additional 3,595 shares during the quarter. Axxcess Wealth Management LLC's holdings in Emerson Electric were worth $6,563,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EMR. Brighton Jones LLC increased its holdings in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company's stock valued at $1,126,000 after acquiring an additional 1,479 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Emerson Electric by 15.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 347,763 shares of the industrial products company's stock valued at $38,129,000 after acquiring an additional 46,998 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Emerson Electric in the 1st quarter worth approximately $66,000. Finally, Ritholtz Wealth Management increased its holdings in Emerson Electric by 7.2% in the 1st quarter. Ritholtz Wealth Management now owns 12,534 shares of the industrial products company's stock worth $1,374,000 after buying an additional 837 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EMR shares. Jefferies Financial Group cut their price target on shares of Emerson Electric from $160.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Daiwa Capital Markets increased their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Wolfe Research lowered their price objective on Emerson Electric from $173.00 to $172.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $145.56.

Emerson Electric Trading Up 1.8%

Emerson Electric stock opened at $128.31 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.63 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 stock's 50 day simple moving average is $132.37 and its two-hundred day simple moving average is $125.48. The firm has a market cap of $72.21 billion, a PE ratio of 27.59, a P/E/G ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion for the quarter. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

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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