DMKC Advisory Services LLC Purchases 14,380 Shares of Emerson Electric Co. $EMR

Key Points

• DMKC Advisory Services LLC increased its stake in Emerson Electric Co. by 80.2%, acquiring an additional 14,380 shares to own a total of 32,320 shares, valued at approximately $4.67 million.
• Emerson Electric recently reported earnings of $1.52 per share, slightly exceeding analysts' expectations, with revenue of $4.55 billion for the quarter, showing a year-over-year increase of 3.9%.
• The company declared a quarterly dividend of $0.5275 per share, with a yield of 1.6%, and its institutional ownership stands at 74.30% of the company's stock.

DMKC Advisory Services LLC raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 80.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,320 shares of the industrial products company's stock after acquiring an additional 14,380 shares during the quarter. Emerson Electric comprises 2.4% of DMKC Advisory Services LLC's portfolio, making the stock its 12th largest position. DMKC Advisory Services LLC's holdings in Emerson Electric were worth $4,667,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Emerson Electric by 6.3% during the 1st quarter. Merit Financial Group LLC now owns 25,195 shares of the industrial products company's stock worth $2,762,000 after buying an additional 1,500 shares during the period. Fulton Bank N.A. grew its position in shares of Emerson Electric by 5.8% during the 1st quarter. Fulton Bank N.A. now owns 9,520 shares of the industrial products company's stock worth $1,044,000 after buying an additional 518 shares during the period. RFG Advisory LLC grew its position in shares of Emerson Electric by 3.5% during the 1st quarter. RFG Advisory LLC now owns 16,052 shares of the industrial products company's stock worth $1,760,000 after buying an additional 546 shares during the period. Finally, Whipplewood Advisors LLC boosted its stake in Emerson Electric by 28.8% during the 1st quarter. Whipplewood Advisors LLC now owns 1,060 shares of the industrial products company's stock worth $116,000 after acquiring an additional 237 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $131.20 on Thursday. The stock's 50-day moving average is $134.71 and its 200-day moving average is $124.26. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm has a market cap of $73.84 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. Equities analysts predict 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 given a dividend of $0.5275 per share. The ex-dividend date of this dividend 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 several recent analyst reports. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Citigroup upped their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays upgraded shares of 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 research report on Thursday, August 7th. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.76.

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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