Callan Family Office LLC Grows Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Callan Family Office LLC increased its stake in Emerson Electric Co. by 133.3% during the second quarter, owning 16,333 shares valued at approximately $2.18 million as per its recent SEC filing.
• Several institutional investors have also recently increased their positions in Emerson Electric, with 74.30% of the stock now owned by hedge funds and other institutional investors.
• Analysts have upgraded their ratings on Emerson Electric, with price targets reaching as high as $155, indicating positive investor sentiment and a consensus rating of "Moderate Buy".

Callan Family Office LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 133.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,333 shares of the industrial products company's stock after purchasing an additional 9,333 shares during the period. Callan Family Office LLC's holdings in Emerson Electric were worth $2,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after acquiring an additional 5,504 shares during the last quarter. Davis Investment Partners LLC purchased a new stake in Emerson Electric in the second quarter valued at $692,000. North Capital Inc. purchased a new stake in Emerson Electric in the first quarter valued at $211,000. Golden State Equity Partners purchased a new stake in Emerson Electric in the first quarter valued at $459,000. Finally, Truist Financial Corp lifted its position in Emerson Electric by 1.7% in the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after acquiring an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EMR. Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Weiss Ratings restated a "buy (b-)" rating on shares of Emerson Electric in a research note on Wednesday. Finally, Daiwa Capital Markets boosted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $144.29.

Emerson Electric Stock Down 4.2%

EMR stock opened at $125.99 on Friday. The company has a market cap of $70.91 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company's 50-day moving average price is $132.66 and its 200 day moving average price is $125.25. 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 (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. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio 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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