Emerson Electric Co. $EMR Shares Bought by Spirepoint Private Client LLC

Key Points

• Spirepoint Private Client LLC significantly increased its stake in Emerson Electric Co. by 407.2% during the second quarter, now owning 21,870 shares valued at approximately $2.92 million.
• Several research firms raised their price targets for Emerson Electric, with upgrades leading to a consensus price target of $143.76 and an overall rating of "Moderate Buy".
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, along with a current annualized yield of 1.6%.

Spirepoint Private Client LLC raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 407.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,870 shares of the industrial products company's stock after acquiring an additional 17,558 shares during the period. Spirepoint Private Client LLC's holdings in Emerson Electric were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake 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 period. Ameriflex Group Inc. acquired a new position in Emerson Electric in the fourth quarter valued at $30,000. Mascagni Wealth Management Inc. acquired a new position in Emerson Electric in the fourth quarter valued at $62,000. Kera Capital Partners Inc. increased its stake in Emerson Electric by 14.0% in the first quarter. Kera Capital Partners Inc. now owns 1,895 shares of the industrial products company's stock valued at $208,000 after purchasing an additional 233 shares during the period. Finally, Versant Capital Management Inc increased its stake in Emerson Electric by 38.0% in the first quarter. Versant Capital Management Inc now owns 6,155 shares of the industrial products company's stock valued at $675,000 after purchasing an additional 1,694 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EMR. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Citigroup lifted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $143.76.

Emerson Electric Stock Down 1.1%

EMR stock opened at $128.70 on Friday. The company has a market cap of $72.43 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.47 and a beta of 1.30. 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 $135.56 and its 200 day moving average price is $123.85. 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 Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

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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