Beacon Financial Group Purchases Shares of 4,815 Emerson Electric Co. $EMR

Key Points

• Beacon Financial Group acquired a new stake in Emerson Electric Co. valued at approximately $642,000 in the second quarter, purchasing 4,815 shares.
• Several other institutional investors also increased their holdings in Emerson Electric, with a collective ownership of 74.30% of the company's stock.
• Analysts have varied ratings on Emerson Electric, with a consensus rating of "Moderate Buy" and a target price of approximately $142.39.

Beacon Financial Group purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,815 shares of the industrial products company's stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric during the 4th quarter worth about $27,000. Saudi Central Bank purchased a new stake in Emerson Electric during the 1st quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in Emerson Electric during the 4th quarter worth about $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth about $27,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR stock traded up $0.45 on Friday, reaching $132.36. The company had a trading volume of 3,768,798 shares, compared to its average volume of 2,773,252. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. 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 company's fifty day moving average is $136.63 and its 200 day moving average is $123.34. The company has a market cap of $74.49 billion, a P/E ratio of 28.46, a PEG ratio of 2.51 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the company earned $1.43 EPS. Emerson Electric's revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast 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 $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's payout ratio is 45.38%.

Analysts Set New Price Targets

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

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.