Emerson Electric Co. $EMR Stake Raised by Sagespring Wealth Partners LLC

Key Points

• Sagespring Wealth Partners LLC increased its stake in Emerson Electric Co. by 46.9% in the second quarter, now owning 9,808 shares worth approximately $1.31 million.
• Numerous institutional investors have also significantly raised their stakes in Emerson Electric, including Pacer Advisors, which boosted its position by an astounding 4,583.7%.
• Analysts have a consensus rating of "Moderate Buy" for Emerson Electric, with price targets rising to as high as $173.00 from various analysts recently.

Sagespring Wealth Partners LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 46.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,808 shares of the industrial products company's stock after purchasing an additional 3,133 shares during the period. Sagespring Wealth Partners LLC's holdings in Emerson Electric were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Nuveen LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth $737,318,000. Pacer Advisors Inc. boosted its position in shares of Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. increased its stake in Emerson Electric by 218.7% in the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock worth $270,672,000 after purchasing an additional 1,693,999 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after buying an additional 1,333,839 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock valued at $1,675,403,000 after buying an additional 980,652 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target 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 boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Wolfe Research decreased their target price on Emerson Electric from $173.00 to $172.00 and set an "outperform" rating for the company in a research report on Wednesday, October 8th. Citigroup upped their price target 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, KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.56.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $129.70 on Wednesday. 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 Co. has a one year low of $90.06 and a one year high of $150.27. The business's 50-day moving average price is $132.16 and its two-hundred day moving average price is $125.51. The company has a market capitalization of $73.00 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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 business had revenue of $3.16 billion during the quarter. Analysts anticipate 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. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) 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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