Emerson Electric Co. $EMR Stock Holdings Lessened by Claris Advisors LLC MO

Key Points

• Claris Advisors LLC reduced its stake in Emerson Electric by 36.8%, now holding 3,892 shares valued at $519,000.
• Multiple hedge funds increased their stakes in Emerson Electric, with GAMMA Investing LLC significantly boosting its position by 12,707.7%, now owning over 1.1 million shares.
• Wall Street analysts are optimistic about Emerson Electric, with the stock receiving several upgrades and an average price target of $143.76, signaling a generally favorable outlook.

Claris Advisors LLC MO cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 36.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,892 shares of the industrial products company's stock after selling 2,266 shares during the period. Claris Advisors LLC MO's holdings in Emerson Electric were worth $519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Brighton Jones LLC increased its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after acquiring an additional 4,850 shares during the last quarter. AdvisorNet Financial Inc grew its stake in Emerson Electric by 17.1% in the first quarter. AdvisorNet Financial Inc now owns 1,940 shares of the industrial products company's stock valued at $213,000 after purchasing an additional 284 shares in the last quarter. GAMMA Investing LLC increased its position in Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after purchasing an additional 1,117,646 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Emerson Electric by 11.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 13,028 shares of the industrial products company's stock worth $1,428,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Emerson Electric by 4.8% during the 1st quarter. Czech National Bank now owns 129,519 shares of the industrial products company's stock valued at $14,200,000 after buying an additional 5,888 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EMR shares. Daiwa Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $143.76.

Emerson Electric Trading Up 0.5%

Emerson Electric stock opened at $129.22 on Tuesday. The business's 50-day simple moving average is $135.29 and its 200-day simple moving average is $124.16. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The firm has a market capitalization of $72.73 billion, a PE ratio of 27.79, a PEG ratio of 2.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business posted $1.43 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. 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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