Bogart Wealth LLC Buys 9,329 Shares of Emerson Electric Co. $EMR

Key Points

• Bogart Wealth LLC has increased its stake in Emerson Electric Co. by 14.1%, acquiring an additional 9,329 shares, bringing its total holdings to 75,697 shares valued at approximately $10.1 million.
• The company's stock currently has a market cap of $72.79 billion and has shown considerable volatility, with a 52-week low of $90.06 and a high of $150.27.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, yielding 1.6%, with a payout ratio of 45.38%.

Bogart Wealth LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,697 shares of the industrial products company's stock after acquiring an additional 9,329 shares during the quarter. Bogart Wealth LLC's holdings in Emerson Electric were worth $10,093,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC increased its holdings in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares during the last quarter. Finally, PFS Partners LLC increased its holdings in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock worth $36,000 after acquiring an additional 108 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $129.34 on Monday. The stock has a fifty day moving average price of $131.93 and a 200-day moving average price of $126.07. The company has a market cap of $72.79 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.24 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 fifty-two week low of $90.06 and a fifty-two week high of $150.27.

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

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada upped their price objective on Emerson Electric from $154.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Citigroup upped their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $148.28.

Emerson Electric 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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