FMA Wealth Management LLC Purchases New Position in Emerson Electric Co. $EMR

Key Points

• FMA Wealth Management LLC has acquired a new position in Emerson Electric Co., purchasing 2,611 shares valued at approximately $348,000.
• Emerson Electric reported quarterly earnings of $1.52 per share, exceeding analysts' expectations and demonstrating a 3.9% year-over-year revenue increase.
• The company also declared a quarterly dividend of $0.5275 per share, which translates to an annualized dividend yield of 1.6%.

FMA Wealth Management LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,611 shares of the industrial products company's stock, valued at approximately $348,000.

Several other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Emerson Electric in the first quarter valued at about $737,318,000. Pacer Advisors Inc. lifted its holdings in shares of Emerson Electric by 4,583.7% during 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 in the last quarter. Alliancebernstein L.P. grew its position in shares of 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 valued at $270,672,000 after purchasing an additional 1,693,999 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 purchasing an additional 1,333,839 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after buying an additional 1,117,646 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

NYSE:EMR opened at $131.77 on Thursday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a market cap of $74.16 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.49 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. The stock's 50-day simple moving average is $136.16 and its 200 day simple moving average is $123.60.

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

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $142.72.

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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