Emerson Electric Co. $EMR Shares Purchased by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Emerson Electric Co. by 16.2%, now owning 23,257 shares valued at approximately $3.1 million.
• Research firms have upgraded Emerson Electric's stock ratings, with Barclays raising the price target to $127 and Citigroup to $165, indicating positive market sentiment.
• The company recently announced a quarterly dividend of $0.5275 per share, reflecting an annualized dividend yield of 1.6% with a payout ratio of 45.38%.

Cwm LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,257 shares of the industrial products company's stock after purchasing an additional 3,242 shares during the quarter. Cwm LLC's holdings in Emerson Electric were worth $3,101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of 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 in the last quarter. Davis Investment Partners LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $692,000. North Capital Inc. acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $211,000. Golden State Equity Partners acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $459,000. Finally, Truist Financial Corp boosted its stake in shares of Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after purchasing an additional 18,069 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EMR. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.28.

Emerson Electric Price Performance

EMR stock opened at $129.34 on Friday. The stock has a 50-day moving average price of $131.93 and a two-hundred day moving average price of $125.80. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $72.79 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

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

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.

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